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Tax incedence for elasticities

8 flashcardsby Darius
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1
when demand is Perfectly inelastic
buyers pay all the tax
2
when demand is inelastic
buyers pay more of the tax
3
when demand is elastic
sellers pay more of the tax
4
when demand is perfectly elastic
sellers pay all of the tax
5
when supply is perfectly inelastic
sellers pay all of the tax
6
when supply is inelastic
sellers pay more of a tax
7
when supply is elastic
buyers pay more of a tax
8
when supply is perfectly elastic
buyers pay all of the tax
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