The sellers pay the entire sales tax levied on a good when demand is perfectly _______ or supply is perfectly _______.

Name: The sellers pay the entire sales tax levied on a good when demand is perfectly _______ or supply is perfectly _______.
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

When demand is perfectly elastic or supply is perfectly inelastic, sellers cannot pass any of the tax burden onto buyers, so they bear the entire sales tax themselves.

The Sellers Pay the Entire Sales Tax Levied on a Good