If the Government Levies an Excise Tax in a Market

question 225

Multiple Choice

If the government levies an excise tax in a market whose demand curve is perfectly inelastic,the burden of the tax will fall completely on the _____,and the deadweight loss will equal _____.

• A)consumers;zero
• B)producers;zero
• C)consumers;the tax revenue
• D)producers;the tax revenue

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