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twylla01 twylla01
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6 years ago
If the government places a $0.50 tax on an item for which demand is perfectly elastic
A) the entire tax will be paid by the consumer.
B) the tax will be split equally between the consumer and producer, with each paying exactly $0.25.
C) most of the tax will be paid by the consumer.
D) the entire tax will be paid by the producer.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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veronee_madisonveronee_madison
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#1
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6 years ago
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twylla01 Author
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6 years ago
Thanks for your help!!
kamikazekota
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This site is awesome
SupremeDJ
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Helped a lot
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