The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay

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The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the tax? Under what conditions will producers pay most of it? What determines the share of a subsidy that benefits consumers?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:24 AM

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The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay

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The burden of a tax and the benefits of a subsidy depend on the elasticities of demand and supply ...View the full answer

Microeconomics

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