124) choose the correct option:1.The ultimate burden of a tax falls most heavily on the side of the market that is less elastic 2.If medicine is a necessity, the burden of a tax on medicine will probably fall more heavily on the buyers of medicine.
Answer is:
1-T,2-T,3-F
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
below the equilibrium price
Answer is: