Solved: Calculate the percentage of the tax borne by the demander, Microeconomics

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Calculate the percentage of the tax borne by the demander

Problem

Calculate the percentage of the tax borne by the demander and supplier in each of the following cases:

a. E_D = 0.3, E_S = 1.2

b. E_D = 3, E_S = 2

c. E_D = 0.5, E_S = 1

d. E_D = 0.5, E_S = 0.5

e. Summarize your findings regarding relative elasticity and tax burden.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate the percentage of the tax borne by the demander

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