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The Price Of A Good Will Not Be Affected By The Imposition Of A Sales Tax On It If The? - Erudites Academy

The price of a good will not be affected by the imposition of a sales tax on it if the?

A. supply is inelastic
B. demand is inelastic
C. supply is perfectly elastic
D. demand is perfectly elastic

Correct Answer:

Option D – demand is perfectly elastic

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5 years ago