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Business, 16.10.2019 00:00 stepheme1

The demand for salt is inelastic, and the supply of salt is elastic. the demand for caviar is elastic, and the supply of caviar is inelastic. suppose that a tax of $1 per pound is levied on the sellers of salt, and a tax of $1 per pound is levied on the buyers of caviar. we would expect that most of the burden of these taxes will fall on

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The demand for salt is inelastic, and the supply of salt is elastic. the demand for caviar is elasti...
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