Under normal circumstances, a producer will bear the entire burden of taxation on his output...
ECONOMICS
WAEC 1994
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 completely elastic
Correct Answer: D. demand for his products is completely elastic
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