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(Solved) : 3 Suppose Demand Perfectly Elastic P Following Equation 10 Supply Given P 2 10q Government Q32680752 . . .

3. Suppose that demand is perfectly elastic at p following equation: 10, while supply is given by the p=2+10q The government imposes a consumption tax of $2.50 per unit. What burden of the tax falls on consumers? What burden of the tax falls on producers? Demonstrate what occurs on a diagram.3. Suppose that demand is perfectly elastic at p following equation: 10, while supply is given by the p=2+10q The government imposes a consumption tax of $2.50 per unit. What burden of the tax falls on consumers? What burden of the tax falls on producers? Demonstrate what occurs on a diagram. Show transcribed image text

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Answer to 3 Suppose Demand Perfectly Elastic P Following Equation 10 Supply Given P 2 10q Government Q32680752 . . .

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