If the supply curve is perfectly elastic, then this suggests that the OA. consumers pay a smaller portion of the excise tax. OB. consumer price does not change when an excise tax is added to the sale of a good OC. entire burden of the excise tax is borne by the sellers. OD. sellers absorb a portion of the excise tax. O E. entire burden of the excise tax is borne by the consumers.

If the supply curve is perfectly elastic, then this suggests that the OA. consumers pay a smaller portion of the excise tax. OB. consumer price does not change when an excise tax is added to the sale of a good OC. entire burden of the excise tax is borne by the sellers. OD. sellers absorb a portion of the excise tax. O E. entire burden of the excise tax is borne by the consumers.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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