In a situation where demand is perfectly elastic, imposit...
In a situation where demand is perfectly elastic, imposition of tax on a commodity to raise its price will result in
Consumers increasing their demand for the product
Consumer's demand for the product remaining unchanged
Consumers shifting completely to substitute products
Suppliers increasing the supply of the product
Correct answer is C
No explanation has been provided for this answer.
Many workers are employed in the agricultural sector of developing countries because ...
At any given level of output, the total cost of a firm equals the ...
Public ownership of productive factors is a feature of_______? ...
Fixing price above equilibrium will cause ...
Which of the following occurs in the circular flow of economic activities with no leakages ...
The concept of privatization presupposes ...
When the value of a country’s export exceeds her imports, there will be a ...