Economics · Tax Incidence

The whole burden of a tax will be borne by the consumer if:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The supply is perfectly elastic and demand is perfectly inelastic.✓
2The demand is perfectly elastic and supply is perfectly inelastic.
3Both demand and supply are unit elastic.
4Supply is perfectly inelastic and demand is perfectly elastic.

Correct answer

The supply is perfectly elastic and demand is perfectly inelastic.

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The whole burden of a tax will be borne by the consumer if:

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