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24 August, 00:28

Assume that both the supply of and the demand for a good are relatively price elastic. The imposition of a per-unit excise tax on the sale of the good would cause the equilibrium price and quantity to change in which of the following ways?

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  1. 24 August, 00:40
    0
    Answer:P:Increase Q:Decrease

    Explanation: The price of the product will increase as the imposed per-unit excise tax on the sale of the good. This is true for both Perfectly-elastic and relatively elastic products.

    The quantity demanded of the product will decrease as the price of the product increases, this his is true for both Perfectly-elastic and relatively elastic products. It will follow the law of Demand and Supply.
  2. 24 August, 00:48
    0
    is the demand goes up they will make more
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Home » Physics » Assume that both the supply of and the demand for a good are relatively price elastic. The imposition of a per-unit excise tax on the sale of the good would cause the equilibrium price and quantity to change in which of the following ways?
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