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AndrewKraus AndrewKraus
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7 years ago
The demand for chocolate is perfectly inelastic in Foodieland. If a tax is imposed on chocolate, ________.
A) the deadweight loss due to taxation will be high
B) the deadweight loss due to taxation will be one
C) consumers will stop consuming chocolate
D) the tax burden will fall entirely on buyers
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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7 years ago
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AndrewKraus Author
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#2
7 years ago
Excellent answer, thx
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