If supply is perfectly inelastic, a tax increase is borne _______. a) only by the buyer b)
Question:
If supply is perfectly inelastic, a tax increase is borne _______.
a) only by the buyer
b) only by the seller
c) mostly by the buyer
d) mostly by the seller
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If supply is perfectly inelastic it means that the quantity supplied does not change regardless of t...View the full answer
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