Multiple Choice
Consumers will pay the full tax that is placed on the sellers of a good if demand is __________ or supply is __________.
A) perfectly inelastic; perfectly inelastic
B) elastic; inelastic
C) perfectly inelastic; unit elastic
D) perfectly elastic; perfectly inelastic
E) perfectly inelastic; perfectly elastic
Correct Answer:
Verified
Correct Answer:
Verified
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