Question on: JAMB Economics - 1998
When an indirect tax is levied on the producer of a good, the burden on the consumer will depend largely on the?
A
elasticity of demand for the good
B
proportion of the consumer's income spent on the good
C
elasticities of demand and supply of the commodity
D
availability of substitiutes for the commodity
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses