<div class="txt-body question-body"><div class="feedback-rating abuse-flag" data

Question

<div class="txt-body question-body"><div class="feedback-rating abuse-flag" data-questionid="12253405"></div><div class="ugc-base"><p>when a good with equally elastic demand and supply is taxed theincidence of the tax is borne</p><p>-entirely by consumers</p><p>-entirely by producers</p><p>-by both consumers and producers</p><p>-mostly by consumers mostly by producers</p></div></div>

Explanation / Answer

&lt;div class=&quot;txt-body answer-body&quot;&gt; &lt;div class=&quot;answer-given-body ugc-base&quot;&gt; &lt;p style=&quot;text-align:justify;&quot;&gt;When a good with equally elasticdemand and supply is taxed the incidence of the tax is borne byboth the consumer and the producer. The correct answer is option(C). The tax incured is used for the development of thecountry.&lt;/p&gt; &lt;/div&gt; &lt;/div&gt;

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.