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Question: suppose the government applies a specific tax to a good...

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Suppose the government applies a specific tax to a good where the demand elasticity, e, is-1.3, and the supply elasticity, η, is 0.6 If a specific tax, τ, of $3.50 were placed on the good, what is the price increase that consumers would pay? The price paid by consumers would increase by sEnter your response rounded to the nearest penny) The amount producers receive would decrease by S(Enter your response rounded to the nearest penny) The tax incidence on consumers is

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