A $200 Increase in the Size of a Tax on a a Good

question 59

Multiple Choice

A $2.00 increase in the size of a tax on a good will only cause the price for buyers to increase by $2.00 if

• A) demand is perfectly inelastic.
• B) demand is perfectly elastic.
• C) demand is elastic, but not perfectly elastic.
• D) demand is inelastic, but not perfectly inelastic.
• E) demand is unit elastic.

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