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Costa Costa
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Posts: 1009
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6 years ago
If the supply of an item is perfectly elastic, the incidence of an excise tax:
A) falls entirely on producers
B) falls entirely on consumers
C) is shared equally between producers and consumers
D) is borne primarily by consumers; however, there is a minimal incidence accruing to producers
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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6 years ago
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