Multiple Choice
Suppose the market supply curve for some good is upward sloping.If the imposition of an excise tax causes no change in the equilibrium quantity sold in the market,the good's demand curve must be ________,meaning that the burden of the tax has fallen completely on the ________.
A) vertical; firms
B) vertical; consumers
C) horizontal; firms
D) horizontal; consumers
E) unit elastic; government
Correct Answer:
Verified
Correct Answer:
Verified
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