(3) The Effect of Relative Price Elasticities on the Distribution of the Tax Burden
Price Elasticity, Tax Burden, Tax Incidence
This demonstrates how the relative price elasticities of supply and demand affect the distribution of the tax burden between buyers and sellers.
Crane, Steven E., "(3) The Effect of Relative Price Elasticities on the Distribution of the Tax Burden" (2011). Principles of Microeconomics. Paper 30.
Ability to explain how price elasticity of supply and demand influences the distribution of an excise tax burden. Ability to demonstrate this with the standard market model.
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