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In the event of a perfectly inelastic supply, the consumers pay all the incidence of tax. Select one: O True O False

In the event of a perfectly inelastic supply, the consumers pay all the incidence of tax. Select one: O True O False

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please send me answer within 10 min,i will rate you good for sure.please solve all questions with explanation.

In the event of a perfectly inelastic supply, the consumers pay all the incidence of tax. Select one: O True O False The amount of tax the suppliers pay is calculated by dividing the new price the suppliers receive as a result of the new tax by the tax amount. Select one: O True O False
Transcribed Image Text:In the event of a perfectly inelastic supply, the consumers pay all the incidence of tax. Select one: O True O False The amount of tax the suppliers pay is calculated by dividing the new price the suppliers receive as a result of the new tax by the tax amount. Select one: O True O False
PAYE tax is an example of A. tax rate. B. tax base. O C. Not enough information given to determine the correct answer. O D. tax unit. Assessing the ability to pay for the tax is at the center of the taxation equity debate. Select one: O True O False
Transcribed Image Text:PAYE tax is an example of A. tax rate. B. tax base. O C. Not enough information given to determine the correct answer. O D. tax unit. Assessing the ability to pay for the tax is at the center of the taxation equity debate. Select one: O True O False
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