How much will the price of maracas change with a per-unit


The elasticity of demand for maracas is -2.0, and the elasticity of supply is 3.0.

How much will the price of maracas change with a per-unit tax of $2?

Who bears the larger burden of the tax, consumers or producers?

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Financial Management: How much will the price of maracas change with a per-unit
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