Business, 28.02.2020 04:29, iceecole6570

What is the effect of a $1 specific tax collected from producers on equilibrium price and quantity if demand is perfectly elastic?

Price:

a. increases by $1
b. unchanged

Quantity:

a. decreases
b. unchanged

Answers: 2

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What is the effect of a $1 specific tax collected from producers on equilibrium price and quantity i...