As part of an antiobesity program, the government levies an excise tax on high-fat foods.We would expect consumers to pay almost all of this tax if demand is:
A.inelastic and supply is inelastic.
B.inelastic and supply is elastic.
C.elastic and supply is elastic.
D.elastic and supply is inelastic.

Question

Quizplus · Accepted Answer

The Answer of As part of an antiobesity program, the government levies an excise tax on high-fat foods.We would expect consumers to pay almost all of this tax if demand is:
A.inelastic and supply is inelastic.
B.inelastic and supply is elastic.
C.elastic and supply is elastic.
D.elastic and supply is inelastic.

As Part of an Antiobesity Program, the Government Levies an Excise