True or False: In a competitive constant-cost industry, an excise tax is partly passed on to demanders

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True or False: In a competitive constant-cost industry, an excise tax is partly passed on to demanders in the short run but completely passed on to demanders in the long run.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:17 AM

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The efficiency loss of imposing an excise tax is due to: a. Paying a higher price per unit. b. Producing and consuming fewer units.
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True or False: In a competitive constant-cost industry, an excise tax is partly passed on to demanders

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Price theory and applications

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