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sgy_89 sgy_89
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7 years ago
Consider the impact of an excise tax imposed on French fries. The more inelastic the demand for French fries,
A) the greater the portion of the excise tax which will be paid by consumers in the form of a higher price.
B) the greater the portion of the excise tax which will be borne by suppliers in the form of reduced profit.
C) the smaller the portion of the excise tax that will be paid by consumers in the form of a higher price.
D) the greater the reduction in the quantity demanded of French fries caused by the tax.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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7 years ago
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sgy_89 Author
wrote...

7 years ago
Good timing, thanks!
dianeflunder
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Yesterday
Thanks
ediblefruitz
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2 hours ago
Smart ... Thanks!
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