Suppose the market supply curve is perfectly inelastic a
Suppose the market supply curve is perfectly inelastic (a vertical supply curve). Lakefront lots might be a good example. If a tax is imposed in this market, is there a deadweight loss?
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suppose the market supply curve is perfectly inelastic a vertical supply curve lakefront lots might be a good example
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suppose a firm is currently using 500 laborers and 325 units of capital to produce its product the wage rate is 425
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