Asks Tagged ‘levied’

The supply curve for a product has infinite elasticity. a tax is levied on each unit of the product the likely?

6. the supply curve for a product has infinite elasticity. a tax is levied on each unit of the product the likely effect will be to:A.reduce the amount the producer receives from each unit sold by the amount of the tax.B. Increase the price the consumer pays per unit by the amount of the taxC. […]