[Answer] as the price elasticity of demand increases the size of the price increase resulting from a tax ___ and the share borne by producers ____

Answer: decreases; increases

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as the price elasticity of demand increases the size of the price increase resulting from a tax ___ and the share borne by producers ____ Read about how elasticity affects tax revenue. If you're seeing this message it means we're having trouble loading external resources on our website. If you're behind a web filter please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. Thu Apr 30 2020 · Overall price elasticity measures how much the supply or demand of a product changes based on a given change in price . Elastic means the product is considered sensitive to price changes. Price elasticity of demand - Wikipedia Price elasticity of demand - Wikipedia What Is the Effect of Price Inelasticity on Demand? Price elasticity of demand - Wikipedia Thu Nov 28 2019 · Definition: Price elasticity of demand (PED) measures the responsiveness of demand after a change in price . Example of PED. If price increases by 10% and demand for CDs fell by 20%; Then PED = -20/10 = -2.0 If the price of petrol increased from 130p to 140p and demand … If the elasticity were 0.6 then you would advise the company to increase its price . Increases in price will offset the decrease in number of units sold but increase your total revenue. If elasticity is 1 the total revenue is already ...

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