If the government decides to levy an ad valorem tax on product with a

If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be

A) 0
B) 1
C) .5
D) Cannot be determined.

 

ANSWER

A

 

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00