Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter19: Elasticity
Section: Chapter Questions
Problem 14QP
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Question
When the price of demand is high and the price elasticity is low the burden of a tax falls primarily on
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Elasticity of demand depicts how much consumer responds with the change in price.
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