What is the price increase that consumers would? pay

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Suppose the government applies a specific tax to a good where the demand? elasticity,epsilon ε?, is negative −1.1?, and the supply? elasticity, η?, is l.5 If a specific? tax, tauτ?,of ?$1.50 were placed on the? good, what is the price increase that consumers would? pay?

The price paid by consumers would increase by_____?

Reference no: EM131239934

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