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lectur20-page10 - Quantity unit time Tax D S S 1 P c P p In...

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VII. Who bears the burden of an excise or sales tax ? A) If demand is perfectly inelastic: Price
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Unformatted text preview: Quantity / unit time Tax D S S 1 P c P p In this case, the consumer pays the entire tax....
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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