Economy, asked by zohazehra9, 2 months ago

Assume supply curve is perfectly elastic and demand is linear and downward sloping.

a)What is the effect of a specific tax collected from producers on equilibrium price and quantity?

b)Who (Consumer or Producer) will bear the whole burden of tax?

Answers

Answered by chavanshruu332

0

Answer:

assume supply curve

perfectly elastic

demand is linear

download slopping

specific tax

equilibrium price

quantity bear burden tax

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