Suppose the Demand Curve Is Perfectly Inelastic and the Supply

question 117

Multiple Choice

Suppose the demand curve is perfectly inelastic and the supply curve is upward sloping.The price sellers receive after a specific tax is imposed on sellers

• A) is less than before the tax.
• B) is higher than before the tax.
• C) is unchanged.
• D) depends on the supply elasticity.

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