Question 28

Under normal circumstances, a producer will bear the entire burden of taxation on his output if the

  • A.supply of his goods is more elastic than the demand
  • B.demand for his products is completely elastic
  • C.production of his commodity is subject to diminishing returns
  • D.demand for his products is more elastic than the supply
  • E.demand for his products is completely elastic
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1994
Question no.
#28
Type
Objective

More from this paper

See all Economics 1994 questions