78. Suppose the price elasticity of demand for beer is zero. If the government imposes an excise tax on the sellers of beer, the true burden of this tax will fall on: A.Buyers onlyB. Sellers onlyC. Both buyers and sellersD. There is no way of knowing
AACSB: AnalyticBloom's: ApplicationLearning Objective: 17-4Level: EasyTopic: Tax incidence and efficiency loss79. Which generalization is incorrect?
AACSB: AnalyticBloom's: KnowledgeLearning Objective: 17-4Level: DifficultTopic: Tax incidence and efficiency loss17-28