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Retnec Retnec
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7 years ago
If the demand for cigarettes were perfectly inelastic, an increase in the excise tax on cigarettes would
A) have no impact on the price of cigarettes.
B) have no impact on the supply of cigarettes.
C) raise the price of cigarettes by the full amount of the tax.
D) increase the demand for cigarettes.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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Retnec Author
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#2
7 years ago
Thanksss
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