Question 14

in a situation where demand is perfectly elastic , imposition of tax on a commodity to raise its price will result in

  • A.consumers increasing their demand for the product
  • B.consumers' demand for the product remaining unchanged
  • C.consumers shifting completely to substitute products
  • D.suppliers increasing the supply of the product
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2007
Question no.
#14
Type
Objective

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