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Practice Problem of the Day, 10/2/2013

October 2nd, 2013 · No Comments
Practice Problem of the Day

This video shows how to graph the impact of a tax and show the impact of price elasticity of demand on the market impact of a tax. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 6 problem #7.

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