The diagram below explains the effect of government's imposition of an indirect tax on a...
ECONOMICS
JAMB 1995
The diagram below explains the effect of government's imposition of an indirect tax on a good characterized by zero price elasticity of demand.The tax imposed is borne
- A. totally by the consumer
- B. totally by the producer
- C. equally by both the consumer and the producer
- D. by the the government
Correct Answer: A. totally by the consumer
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