Determine who will bear the burden of the tax

Reference no: EM13202503

Assume that Milk is perfectly elastically. If there is a $.20 tax on milk, who will bear the burden of the tax? Assume producers have the legal incidence. Graphically depict and describe. Shade the loss in consumer's surplus. and deadweight loss.

Reference no: EM13202503

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Determine who will bear the burden of the tax : Assume that Milk is perfectly elastically. If there is a $.20 tax on milk, who will bear the burden of the tax Assume producers have the legal incidence. Graphically depict and describe. Shade the loss in consumer's surplus. and deadweight loss.

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