The burden of a percentage sales tax will fall primarily on business when: The b
ID: 1257849 • Letter: T
Question
The burden of a percentage sales tax will fall primarily on business when:
The burden of a percentage sales tax will fall primarily on business when:
demand is highly elastic with respect to price.
demand is highly inelastic with respect to price.
the elasticity of demand equals 1.
A.The burden of a percentage sales tax will fall primarily on business when:
B.demand is highly elastic with respect to price.
C.demand is highly inelastic with respect to price.
D.the elasticity of demand equals 1.
Explanation / Answer
Burden of sales tax falls primarily on the business (the seller) when demand is highly elastic.
Correct option (B)
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