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QUESTION
When the price of wine is $10 per bottle, thomas purchases 30 bottles every month. later, the government introduces a 50% tax on all alcoholic beverages, which is to be completely borne by consumers.
When the price of wine is $10 per bottle, thomas purchases 30 bottles every month. later, the government introduces a 50% tax on all alcoholic beverages, which is to be completely borne by consumers. this reduces thomas's consumption to 20 bottles of wine a month. thomas's arc elasticity of demand for wine is:?
