A tax on a commodity whose supply is perfectly inelastic is?
Question
A tax on a commodity whose supply is perfectly inelastic is?Options
A)
shifted completely on the consumer
B)
completely borne by the supplier
C)
dividend in the ratio 60;40 between the consumer and the supplier
D)
divided half-and-half between the producer and the consumer
Related Lesson: Price Elasticity of Supply | Theory of Supply
The correct answer is B.
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