If a Commodity Has A(n)_____,a Greater Share of the Burden

question 55

Multiple Choice

If a commodity has a(n) _____,a greater share of the burden of an excise tax levied on the commodity would be borne by the consumers.

• A)perfectly elastic demand curve and an elastic supply curve
• B)perfectly elastic demand curve and perfectly inelastic supply curve
• C)relatively inelastic supply curve
• D)perfectly inelastic demand curve

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