What is the effect of a 1 specific tax collected from, Ask an Expert

Economics

What is the effect of a $1 specific tax collected from producers on equilibrium price and quantity if demand is perfectly nelastic -Price increases by $1 and quantity is unchanged

What is the incidence on consumers Explain.

The incidence of the tax that falls on consumers is _____ percent because consumers are ______ price sensitive.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92234538

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