Guided course 02:58Elasticity and Taxes:Perfectly Elastic Demand and Perfectly Inelastic DemandBrian Krogol893views9rank
Multiple ChoiceSuppose that a unit tax of $2 is imposed on producers with initial equilibrium of $10. If the demand curve is vertical and the supply curve is upward-sloping, what will be the price faced by consumers after the tax? 234views