For a Given Positively Sloped Supply Curve,the Price Increase to Consumers

question 70

Multiple Choice

For a given positively sloped supply curve,the price increase to consumers resulting from a specific tax imposed on sellers will be

• A) greater the more price elastic demand is.
• B) greater the less price elastic demand is.
• C) equal to the entire tax when demand is perfectly elastic.
• D) equal to half of the tax whenever demand is unit elastic.

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