The burden of tax on a commodity whose demand is infinitely inelastic
Question
The burden of tax on a commodity whose demand is infinitely inelasticOptions
A)
is zero
B)
will be borne by the seller alone
C)
will be borne by the buyer alone
D)
will be borne by both buyer and seller
E)
is impossible to tell who bears it
Related Lesson: Application of Price Elasticity of Demand | Theory of Demand
The correct answer is C.
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