Except in the Extreme Cases of Perfectly Inelastic or Perfectly

question 177

Multiple Choice

Except in the extreme cases of perfectly inelastic or perfectly elastic demand and/or supply curves,the burden of a per-unit tax imposed on sellers falls

• A) equally on consumers and producers.
• B) partially on consumers and partially on producers.
• C) entirely on producers.
• D) entirely on consumers.
• E) mostly on producers.

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