28. In the long nun, the incidence of a sales tax in an industry with constant returns to scale is a. deferred until the market is able to re-establish an equilibrium price. b. shared between the consumer and the producer, c. wholly absorbed by the producer. d. wholly absorbed by the consumer.

28. In the long nun, the incidence of a sales tax in an industry with constant returns to scale is a. deferred until the market is able to re-establish an equilibrium price. b. shared between the consumer and the producer, c. wholly absorbed by the producer. d. wholly absorbed by the consumer.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter5: Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 1.3P: (Categories of Price Elasticity of Demand) For each of the following absolute values of price...

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28. In the long nun, the incidence of a sales tax in an industry with constant returns to scale is
a deferred until the market is able to re-establish an equilibrium price.
b. shared between the consumer and the producer.
c. wholly absorbed by the producer.
d. wholly absorbed by the consumer.

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