This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Tax is vertical displacement between the S curve and S + Tax curve. Tax relation with elasticity: In a high elasticity environment consumers pay a small amount, suppliers pay a large amount. Vice versa in low elasticity....
View Full Document
This note was uploaded on 04/13/2008 for the course ECO 2023 taught by Professor Rush during the Summer '08 term at University of Florida.
- Summer '08