Multiple Choice
If the supply of a good is perfectly inelastic, then suppliers will bear the full burden of an excise tax
A) no matter how elastic the demand for the good is.
B) only if demand is perfectly elastic.
C) only if demand is perfectly inelastic.
D) only if the government forbids them to raise the price of the good.
Correct Answer:
Verified
Correct Answer:
Verified
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