Micro Unit 6, Question 12- Tax Incidence (Excise Tax)
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Business
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11th Grade - University
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Hard
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the difference in tax burden between inelastic and elastic demand.
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What would happen if the demand was perfectly elastic regarding tax payment?
Evaluate responses using AI:
OFF
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