Question

When a good with equally elastic demand and supply is taxed the incidence of the tax is borne

-entirely by consumers
-entirely by producers
-by both consumers and producers
-mostly by consumers mostly by producers

Answer 1

when a good with equally elastic demand and supply is taxed the incidence of the tax is borne

-entirely by consumers

-entirely by producers

-by both consumers and producers

-mostly by consumers mostly by producers