When demand is perfectly elastic, a tax increase is borne ______. a) only by the buyer b)

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When demand is perfectly elastic, 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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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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When demand is perfectly elastic, a tax increase is borne ______. a) only by the buyer b)

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Microeconomics

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