#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
The party (be it suppliers or consumers) with the more elastic curve will be able to react more to the changes imposed by the tax. Hence, they can avoid more of the burden.
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iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p30
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