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If a demand is perfectly inelastic and the government imposes a tax on that good/service, who actually pays for the tax? A. 100% the consumers
If a demand is perfectly inelastic and the government imposes a tax on that good/service, who actually pays for the tax?
A. 100% the consumers
B. it depends on how large the tax is
C. 100% the producers
D. 50/50 between consumers and producers
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