If the demand for a commodity is perfectly elastic, the i...
If the demand for a commodity is perfectly elastic, the incidence of a tax on that commodity will be, other things being equal, entirely on the______
Buyer
Seller
Government
Local authority
Correct answer is B
The seller or producer will bear the whole burden of taxation. Any attempt to increase price will make the demand for the commodity to fall to zero.
When there is improvement in a country's terms of trade, it means that the country's ...
In the short run, the monopolistic competitors ...
In Nigeria, a balance of payments deficit can be solved by all of the following EXCEPT? ...
In a socialist economy, prices of commodities are determined by ...
A country with over-valued currency will ...
A greater burden of tax on a product with high price elasticity of demand rests mainly on the ...
Unemployment can be reduced by? ...
During inflation, the appropriate fiscal measure to adopt is to ...