Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 6 - Part II - Supply, Demand, and Government Policies - Problems and Applications - Page 131: 9

Answer

Tax burden falls on both. Temas owners and fans

Work Step by Step

However, tax burden falls slightly more on fans because the demand curve for tickets is more inelastic than the supply curve.
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