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For a Given Positively Sloped Supply Curve,the Price Increase to Consumers

Question 70

Multiple Choice

For a given positively sloped supply curve,the price increase to consumers resulting from a specific tax imposed on sellers will be


A) greater the more price elastic demand is.
B) greater the less price elastic demand is.
C) equal to the entire tax when demand is perfectly elastic.
D) equal to half of the tax whenever demand is unit elastic.

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