When an indirect tax is levied on the producer of a good, the burden on...
ECONOMICS
JAMB 1998
When an indirect tax is levied on the producer of a good, the burden on the consumer will depend largely on the?
- A. elasticity of demand for the good
- B. proportion of the consumer's income spent on the good
- C. elasticities of demand and supply of the commodity
- D. availability of substitiutes for the commodity
Correct Answer: A. elasticity of demand for the good
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