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Title: If an excise tax is imposed on an item whose demand is perfectly elastic: Post by: Costa on Jan 7, 2018 If an excise tax is imposed on an item whose demand is perfectly elastic:
A) consumers will cease to purchase the item and avoid the tax completely B) producers will cease to produce the item and avoid the tax completely C) the government’s revenue from the tax will be zero D) consumers will purchase the same quantity of the item and bear the full burden of the tax Title: Re: If an excise tax is imposed on an item whose demand is perfectly elastic: Post by: Javaew on Jan 7, 2018 Content hidden
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