When a Good with a Perfectly Inelastic Demand Is Taxed,the

question 148

Multiple Choice

When a good with a perfectly inelastic demand is taxed,the incidence of the tax is borne

• A) entirely by producers.
• B) by consumers and producers equally.
• C) entirely by consumers.
• D) mostly by consumers.
• E) mostly by producers.

---

Definitions:

Copyright Act

Legislation that grants creators exclusive rights to their original works of authorship, such as literary, musical, and visual works, for a specified period.

Revised Statutes

Updated or amended statutes.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural heritage, and bilingual English-French speaking population.

Legal Privilege

A legal right that protects communications within certain confidential relationships from disclosure, such as between attorney and client.