Economics · International Economics
If the domestic demand for an imported commodity is infinitely elastic and the supply from foreign exporters is perfectly inelastic, the burden of an import tariff will:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Generate neither revenue nor protection
- 2Be shared equally by domestic consumers and foreign producers
- 3Be borne entirely by foreign producers✓
- 4Be borne entirely by domestic consumers
Correct answer
Be borne entirely by foreign producers
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice International Economics MCQs →Want more practice questions on International Economics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · International Economics