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Which of the following statements about a payroll tax is true? It is borne entirely by workers if the supply of labour is perfectly elastic.
Which of the following statements about a payroll tax is true?
It is borne entirely by workers if the supply of labour is perfectly elastic.
It is shared equally between workers and employers.
It reduces the quantity demanded of workers if the supply of labour is perfectly inelastic.
It is borne entirely by employers if demand is perfectly inelastic.
It generally reduces the quantity demanded of workers.
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