When the government imposes a unit tax on a commodity wit...
When the government imposes a unit tax on a commodity with perfectly inelastic demand, the
Tax is borne entirley by the seller
Tax is shared equally between the buyer and the seller
Seller bears 70% and the consumer bears 30% of the tax
Tax is borne entirely by the consumer
Tax is borne by nobody
Correct answer is D
No explanation has been provided for this answer.
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