question archive The supply of bottled spring water is very inelastic, but the demand for it is somewhat elastic
The supply of bottled spring water is very inelastic, but the demand for it is somewhat elastic
Subject:EconomicsPrice:2.88 Bought3
The supply of bottled spring water is very inelastic, but the demand for it is somewhat elastic.
What does this imply about the incidence of a tax? Illustrate with a diagram.
