Microeconomics, economics, Microeconomics

Consider the market for purple magic markers. The demand for purple magic markers is perfectly elastic and the supply is upward sloping. If sellers of purple magic markers are taxed $1 per marker, how will the tax be divided between the buyer and seller?
Posted Date: 2/16/2012 3:33:00 PM | Location : United States







Related Discussions:- Microeconomics, economics, Assignment Help, Ask Question on Microeconomics, economics, Get Answer, Expert's Help, Microeconomics, economics Discussions

Write discussion on Microeconomics, economics
Your posts are moderated
Related Questions
graphical illustration describing the influence of an increase in immigrants on the market supply of labour

Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma

QUESTION 1 : What distinguishes Keynes' Liquidity preference Framework from Friedman's Modern Quantity Theory? QUESTION 2: Analyse the monetary policy tools that the Cen

what is International Cartels and Commodity Agreements? Describe briefly International Cartels and Commodity Agreements, what are Commodity agreements?

In fall 2006, Pace University raised its annual tuition from $24,750 to $29,750. Freshman enrollment declined from 1500 in fall 2005 to 1110 in 2006. assuming the demand curve did

what is the value in 10 years of 1 million dollars if interes rates are 4%?

Define the concept of cross elasticity of demand

Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that: 1)consumer surplus increases. 2)total surplus increases

what to produce? how to produce? for whom to produce

You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a perfec