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Consider the market for rubber bands. a) If this market has

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Consider the market for rubber bands. a) If this market has very elastic supply and very inelastic demand, how would the burden of a tax on rubber bands be shared between consumers and producers? Use the tools of consumers surplus and producer surplus in your answer. b) If this market has very inelastic supply and very elastic demand, how would the burden of a tax on rubber bands be shared between consumers and producers? contrast your answer w/your answer to a
Submitted: 10 years ago.
Category: Homework

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