In July 2024
Answer to Question #281504 in Microeconomics for Semon
If the supply curve is perfectly elastic and demand is linear and downward sloping. what is tne ettect of a sl specific tax collected from producers on equilibrium price and quantity?
If the supply curve is perfectly elastic and demand is linear and downward sloping, then the specific tax collected from producers will not affect equilibrium price and will decrease equilibrium quantity.
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