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Lauren1 Lauren1
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9 years ago
Suppose the local government places a sales tax on hotel rooms and that the demand for these rooms is elastic while the supply is perfectly inelastic. The tax incidence is such that the tax will be paid by
A) only the consumers.
B) equally by the consumers and the producers.
C) only the producers.
D) the taxpayers.
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MrDerecheMrDereche
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9 years ago
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Lauren1 Author
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#2
9 years ago
Thank you, this really, really helps Heavy Heart
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#3
9 years ago
You're welcome!
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