An excise duty imposed on a single commodity falls entirely on the consumer if the: A supply curve is perfectly elastic. B demand curve is perfectly elastic. C demand curve is of unitary elasticity. D supply curve is of unitary elasticity. E supply curve is perfectly inelastic.

An excise duty imposed on a single commodity falls entirely on the consumer if the: A supply curve is perfectly elastic. B demand curve is perfectly elastic. C demand curve is of unitary elasticity. D supply curve is of unitary elasticity. E supply curve is perfectly inelastic.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 5SQP: Suppose a university raises its tuition from 3,000 to 3,500. As a result, student enrollment falls...

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Question

An excise duty imposed on a single commodity falls entirely on the consumer if the:
A supply curve is perfectly elastic.
B demand curve is perfectly elastic.
C demand curve is of unitary elasticity.
D supply curve is of unitary elasticity.
E supply curve is perfectly inelastic.

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