If the price elasticity of demand for natural gas is -0.5, and the price elasticity of supply is 0.2, we could expect the percentage of a tax born by consumers to equal __________.

0 votes
     28.6%
      71.4%
      66.7%
      There is not enough information given to solve the problem.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
28.6%
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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