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2 years ago
The supply of milk in Nexus City is perfectly elastic. If a tax is imposed on each gallon of milk sold, ________.
A) the burden of the tax will fall entirely on the sellers
B) the burden of the tax will fall entirely on the buyers
C) the tax incidence on the sellers is higher than that on the buyers
D) the deadweight loss due to taxation is zero
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Microeconomics


Edition: 1st
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2 years ago
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