Question: If demand is perfectly inelastic ( perfectly vertical ) , the burden of a tax on suppliers is borne: partly by the suppliers and mostly
If demand is perfectly inelastic perfectly vertical the burden of a tax on suppliers is borne:
partly by the suppliers and mostly by the consumers if the demand curve is elastic.
mostly by the suppliers and partly by the consumers if the demand curve is inelastic.
entirely by the consumers.
entirely by the suppliers.
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