Multiple Choice
Most studies of tax incidence assume that taxes on labor income and other input services are borne entirely by the workers and other input owners that supply the services.This implies that the:
A) supply of those input services is very elastic.
B) supply of those input services is of unitary elasticity.
C) supply of those input services is perfectly inelastic.
D) demand for those input services is perfectly elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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