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Suppose That Demand Is Perfectly Inelastic

question 3

Essay

Suppose that demand is perfectly inelastic.Supply is normal and upward sloping.What is the economic incidence of a unit tax placed on suppliers?


Definitions:

Self-Disclosure

The act of revealing personal, private information about oneself to others.

Similarity

A Gestalt principle of perception; the tendency to perceive things that look similar to each other as being part of the same group.

Emotional Expression

The way in which a person exhibits behavioral manifestations of emotion, including facial expressions, vocalizations, and gestures.

Reinforcement

A stimulus or event that increases the likelihood of the behavior that it follows.

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