Solved

In a Labor Market in Which Demand Is Perfectly Elastic

Question 11

Multiple Choice

In a labor market in which demand is perfectly elastic and supply is neither perfectly elastic nor perfectly inelastic,who bears a tax if the statutory incidence is placed on the firms?


A) only the workers
B) only the firms
C) both the workers and the firms,although the workers bear more of the tax
D) both the workers and the firms,although the firms bear more of the tax

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents