The burden of tax on a commodity whose demand is infinite...
The burden of tax on a commodity whose demand is infinitely inelastic
Is zero
Will be borne by the seller alone
Will be borne by the buyer alone
Will be borne by both buyer and seller
Is impossible to tell who bears it
Correct answer is C
No explanation has been provided for this answer.
Among all the determinants of economic growth, the most important one is ...
Census of population is usually conducted every ...
The deregulation of the petroleum sector in Nigeria will bring about ...
Dumping is selling goods in a foreign market at a price ...
Which of the following is not an advantage of price control? ...
Terms of trade simply means the price ...
ECOWAS has taken a giant step towards economic integration by ...
The demand for a commodity for the sake of what it will yield is ...
Firms are often set up close to each other in order to take advantage of ...