177) Under which of the following circumstances would the incidence of a specific tax fall wholly on consumers?
Answer is:
Supply is perfectly elastic
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
A rise in the supply of the foodstuff by EU producers
Answer is:
The incomes of EU farmers would increase
Answer is:
There would be no price because the market would disappear underground
Answer is: