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The Buyer Will Pay the Entire Tax Levied on a Good

Question 97

Multiple Choice

The buyer will pay the entire tax levied on a good when the demand for the good is ________ or when the supply of the good is ________.


A) perfectly elastic; perfectly inelastic
B) perfectly elastic; perfectly elastic
C) perfectly inelastic; perfectly inelastic
D) perfectly inelastic; perfectly elastic
E) unit elastic; unit elastic

Correct Answer:

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