Economics · Public Finance

If demand for a commodity is perfectly elastic, then the incidence of a commodity tax will be borne:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Fully by sellers✓
2Fully by buyers
3Equally by both sellers and buyers
4Proportionately based on supply

Correct answer

Fully by sellers

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If demand for a commodity is perfectly elastic, then the incidence of a commodity tax will be borne:

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If demand for a commodity is perfectly elastic, then the incidence of a commodity tax will be borne:

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