TRUE or FALSE: Assume that demand for a taxed commodity is perfectly inelastic. The transfer of income from consumers to

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answerhappygod
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TRUE or FALSE: Assume that demand for a taxed commodity is perfectly inelastic. The transfer of income from consumers to

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TRUE or FALSE: Assume that demand for a taxed commodity isperfectly inelastic. The transfer of income from consumers to thegovernment in the form of tax payments entails a loss is socialwelfare.
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