Macro Economics essay
pupil reply the next questions a. If the worth elasticity of demand is the same as 2, the worth elasticity of provide is the same as three, and authorities imposes a $10 tax on this market, what fraction of this $10 tax will probably be paid by the consumers? What fraction of this tax will probably be paid by the sellers? b. If the worth elasticity of demand is the same as four, the worth elasticity of provide is the same as 2, and authorities imposes a $three tax on this market, what fraction of this $three tax will probably be paid by the consumers? What fraction of this tax will probably be paid by the sellers? c. Suppose authorities needs to impose a $2 tax on the labor market. Will the market outcomes be any totally different if (a) your entire $2 tax was imposed on employees, (b) your entire $2 tax was imposed on employers, (c) $1 tax is imposed on employees and $1 tax is imposed on employers? Why or why not? -research paper writing service