Question 24

When demand for a product is price inelastic, the following can happen

  • A.Consumers stiffer the entire increase in tax on the product
  • B.producer suffers the entire increase in tax on the product
  • C.producer suffers larger proportion of the increase in tax on the product
  • D.consumers suffer larger proportion of the increase in tax on the product
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2014/2015
Question no.
#24
Type
Objective

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