The imposition of an excise tax will cause the least burden on consumers when demand is
A)perfectly inelastic.
B)perfectly elastic.
C)vertical.
D)unit elastic.
E)elastic.

Question

Quizplus · Accepted Answer

The Answer of The imposition of an excise tax will cause the least burden on consumers when demand is
A)perfectly inelastic.
B)perfectly elastic.
C)vertical.
D)unit elastic.
E)elastic.

The Imposition of an Excise Tax Will Cause the Least