If the supply curve is perfectly inelastic,_____
A) any tax will be entirely born by suppliers
B) any tax will be entirely born by demanders
C) any tax will be split by demanders and suppliers
D) the tax incidence depends upon the elasticity of the demand curve
Correct Answer:
Verified
Q1: Legislators are indifferent about placing a unit
Q3: When a unit tax is placed on
Q4: If the demand curve is perfectly inelastic,_.
A)suppliers
Q5: The more elastic the supply curve,_.
A)the greater
Q6: Excise taxes _.
A)can be ad valorem taxes
B)can
Q7: When a unit tax is placed on
Q8: Since demanders of a good are concerned
Q9: Ad valorem taxes _.
A)are based on the
Q10: When a unit tax is placed on
Q11: The ratio of the burden of the
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