If buyers pay $10 per unit and sellers receive $8.50 per unit, the tax is $1.50 per unit.
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Q192: When demand is more elastic than supply,
Q193: If it previously existed, a tax decreases
Q194: If the elasticity of supply is 3
Q195: Suppose the government requires firms to buy
Q196: Who ultimately pays the tax depends on
Q198: If the demand curve for a good
Q199: A tax that creates the smallest deadweight
Q200: Whether buyers or sellers bear the majority
Q201: Suppose the government is attempting to discourage
Q202: The government paying farmers to plant more
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