Mathematics, 17.03.2021 23:40 tina7659
If a $2 tax is imposed on shoe laces with a perfectly inelastic demand curve, the burden of
the $2 tax will be borne
A) by producers alone.
B) by both consumers and producers equally.
C) mostly by producers but partially by consumers.
D) mostly by consumers but partially by producers.
E) by consumers alone.
Answers: 1
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If a $2 tax is imposed on shoe laces with a perfectly inelastic demand curve, the burden of
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