Suppose the Supply Curve and the Demand Curve Both Have

question 201

Multiple Choice

Suppose the supply curve and the demand curve both have unitary elasticity at all prices.The price increase to consumers resulting from a specific tax of $1 imposed on sellers will be

• A)$1.
• B)50 cents.
• C)zero.
• D)Impossible to calculate without knowing the slope of the supply curve.

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