When a good is perfectly inelastic in demand, or perfectly elastic in supply, the buyers will pay the full tax that is placed on the sellers.

Name: When a good is perfectly inelastic in demand, or perfectly elastic in supply, the buyers will pay the full tax that is placed on the sellers.
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Quizplus · Accepted Answer

When demand is perfectly inelastic, consumers bear the entire tax burden because they will buy the same quantity regardless of price changes.

When a Good Is Perfectly Inelastic in Demand, or Perfectly