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ECN 361 Topic 3 DQ 1 Participation & Responses
- Course
- ECN 361 (ECN361)
- Institution
- Grand Canyon University
Topic 3 DQ 1: Consider the market for white athletic socks, which consumers consider to be identical products. If the demand is very elastic and the supply is very inelastic, how would the burden of a new tax on athletic socks be shared between consumers and producers? What if the situation were ...
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