Rs. 500

Rs. 300

Rs. 200

Rs. 400

The incidence which falls on consumers plus the incidence which falls on producers equals the amount of the tax

The incidence falls more heavily on producers than consumers if the demand curve is flatter than the supply curve

The incidence falls more heavily on consumers than producers if the supply curve is flatter than the demand curve

The incidence always falls wholly on consumers

Demand is perfectly elastic

Supply is perfectly elastic

Both demand and supply have unit elasticity

Under all circumstances

A rise in the supply of the foodstuff by EU producers

An increase in the tariff

A rise in the demand for the foodstuff by non-EU consumers

A fall in the supply of the foodstuff by non-EU producers

The quantity consumed in the EU would increase

The quantity of imports into the EU would increase

The incomes of EU farmers would increase

The incomes of non-EU farmers would increase