Question

two commodities a and b have linear supply curves and identical linear demand curves at equilibrium price elasticity supply for commodity a is greater but not of commodity b but elasticity of demand is the same if c tax of rupees t per unit is imposed on both commodities in which case will be burden be greater on the supplier explain with the help of diagram​

Answer 1

Answer:

The advantage of the is Midpoint Method is that one obtains the same elasticity between two price points whether there is a price increase or decrease. This is because the formula uses the same base for both cases.