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    Microeconomics Study Set 14
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    Exam 6: The Price Elasticities of Demand and Supply
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    In Graph: (A) How Much Is the Tax? (B) How
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In Graph: (A) How Much Is the Tax? (B) How

Question 115

Question 115

Short Answer

In graph: (a) How much is the tax? (b) How much of this tax is borne by the buyer? (c) How much of this tax is borne by the seller? In graph: (a) How much is the tax? (b) How much of this tax is borne by the buyer? (c) How much of this tax is borne by the seller?

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(a) $4.00
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