Suppose that a $1 tax is imposed on every unit of the good and the after tax price that consumers pay increases by $1. S
Posted: Sun Jun 05, 2022 4:02 pm
Suppose that a $1 tax is imposed on every unit of the good and
the after tax price that
consumers pay increases by $1. Such a situation will occur if the
____.
A) demand is perfectly elastic
B) demand is unit elastic
C) demand is perfectly inelastic
D) demand is more inelastic than supply
the after tax price that
consumers pay increases by $1. Such a situation will occur if the
____.
A) demand is perfectly elastic
B) demand is unit elastic
C) demand is perfectly inelastic
D) demand is more inelastic than supply