If demand is perfectly inelastic, a tax imposed
...If demand is perfectly inelastic, a tax imposed
Is borne only by the producer
Is borne only by the consumer
Will have greater impact on the seller
Will have no impact on the buyer
Correct answer is B
The incidence of tax when demand is perfectly inelastic is borne by the consumer.
Summary of production conditions in countries l and ll. From the table, we can correctly say in r...
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Which of the following is NOT an objective of Economic planning? ...