Tax elasticity of supply, If the tax elasticity of supply

Tax elasticity of supply

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If the tax elasticity of supply is 0.35, by how much will the quantity supplied decrease when the marginal tax rate increases from 34 to 38 percent?

Instructions: Enter your response as a positive percent rounded to one decimal place (do not include a (-) negative sign). Use the mid-point formula. ______%

Reference no: EM131102438

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