When the government imposes a unit tax on a commodity wit...
When the government imposes a unit tax on a commodity with perfectly inelastic demand, the
Tax is borne entirley by the seller
Tax is shared equally between the buyer and the seller
Seller bears 70% and the consumer bears 30% of the tax
Tax is borne entirely by the consumer
Tax is borne by nobody
Correct answer is D
No explanation has been provided for this answer.
The purely competitive firm should close down when its price is less than its ...
Goods are said to be in competitive demand when they ...
Which of the following is not a major problem of development? ...
Which would you NOT consider an advantage of one-man business? ...
Monetary control measure are coordinated by ...
Which of the following is a characteristic of private enterprises? ...
Economically, underdeveloped countries are characterized by ...