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Unformatted text preview: - 5/3 or -1.67 C) (4 points)What is the Price Elasticity of Supply at the equilibrium price and quantity? 2 For the remaining questions, suppose a tax of $11 per glove is levied on the consumers. D) (5 points) What proportion of the tax will be paid by consumers ? 6/11 E) (5 points) How much will producers receive after the tax? $25...
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This note was uploaded on 12/18/2008 for the course ECON 302 taught by Professor Kurrejamesantho during the Fall '08 term at Pennsylvania State University, University Park.
- Fall '08
- Supply And Demand