Consumers will always pay the entire amount of a specific tax whenever

A) demand is perfectly inelastic.
B) supply is perfectly elastic.
C) Both A and B above.
D) Either A or B above but not at the same time.

C

Economics

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Equity issues in taxation are inherently positive in nature

a. True b. False

Economics

Evaluating risk requires that:

A. we consider uncertain costs or benefits of an event or choice. B. we think about different possible outcomes. C. we accept that our best guess about future costs and benefits could be wrong. D. All of these statements are true.

Economics