Unformatted text preview: If a quantity tax is imposed of t = 10, what is the incidence of the tax in the short run and what is the incidence in the long run? Show all prices on your graph. Explain briefly what happened....
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This note was uploaded on 08/08/2008 for the course ECON 301 taught by Professor Hansen during the Spring '08 term at University of Wisconsin.
- Spring '08