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Indu Dhiman posted an Question
August 12, 2021 • 23:08 pm
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30 points
30 points
- UGC NET
- Economics
Quesuon: dli tuu previous year solved papers (psp)- economics the whole burden of a tax will be borne by the consumer if the demand for commodity is perfectly e
Quesuon: dLI TUU Previous Year Solved Papers (PSP)- Economics The whole burden of a tax will be borne by the consumer if The demand for commodity is perfectly elastic and supply IS perfectly inelastic The elasticity of demand for a commodity is same as the elasticity of supply of the commodity The demand for a commodity is inelastic and supply is perfectly elastic The elasticity of demand for a commodity is less than the elasticity of supply of that commodity View Solution The whole burden of a tax will be borne by the consumer if the demand for commodity is perfectly elastic and supply is perfectly inelastic.
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Rucha rajesh shingvekar![best-answer]()
When the supply curve is perfectly elastic (horizontal) or the demand curve is perfectly inelastic (vertical), the whole tax burden will be levied on consumers.