If demand is perfectly inelastic, a tax imposed
...If demand is perfectly inelastic, a tax imposed
Is borne only by the producer
Is borne only by the consumer
Will have greater impact on the seller
Will have no impact on the buyer
Correct answer is B
The incidence of tax when demand is perfectly inelastic is borne by the consumer.
The hoarding of goods is usually experienced when ...
Which of the following will be an effect of inflation? ...
Which of the following is a factor affecting the size of national income? ...
The main function of price mechanism is to ...
A Nigerian household demand curve for semovita is downward sloping because ...
Long-run in economic mean a period of time in which ...
Which of the following is an advantage of division of labour? It ...