What percentage of a tax would consumers pay in the


What percentage of a tax would consumers pay in the following situations? a. Price elasticity of demand is .5 and price elasticity of supply is 1. b. Price elasticity of demand is .5 and price elasticity of supply is .5. c. Price elasticity of demand is 1.5 and price elasticity of supply is .5.

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Business Economics: What percentage of a tax would consumers pay in the
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