Consumers Will Lose No Consumer Surplus Due to a Tax

question 15

Multiple Choice

Consumers will lose no consumer surplus due to a tax if demand in their market is perfectly elastic because

• A) consumers can effortlessly change their behavior in response to the tax.
• B) firms will decide not to pay the tax to the government.
• C) the government will decide to tax something else.
• D) the amount of the tax is relatively low.
• E) producers can effortlessly change their behavior in response to the tax.

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Definitions:

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