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Which of the Following Is TRUE About the Effects of an Excise

Question 149

Multiple Choice

Which of the following is TRUE about the effects of an excise tax if consumers are totally unresponsive to price changes?


A) Consumers pay all of the excise tax.
B) Producers pay all of the excise tax.
C) Consumers and producers share the excise tax equally.
D) Neither consumers nor producers pay the excise tax.

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