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Kyuubi Kyuubi
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6 years ago
If an excise tax is imposed on an item whose demand is perfectly inelastic:
A) consumers will cease to purchase the item and avoid the tax completely
B) producers will cease to produce the item and avoid the tax completely
C) the government’s revenue from the tax will be zero
D) consumers will purchase the same quantity of the item and bear the full burden of the tax
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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JavaewJavaew
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#1
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6 years ago
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Kyuubi Author
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6 years ago
this is exactly what I needed
nsak
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Yesterday
Thank you, thank you, thank you!
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This site is awesome
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