Home » Economics » Under normal circumstances, a producer will bear the entire burden of taxation on his output…

Under normal circumstances, a producer will bear the entire burden of taxation on his output…

Under normal circumstances, a producer will bear the entire burden of taxation on his output if the
  • A.
    supply of his goods is more elastic than the demand
  • B.
    demand for his products is completely elastic
  • C.
    production of his commodity is subject to diminishing returns
  • D.
    demand for his products is more elastic than the supply
  • E.
    demand for his products is completely elastic
Correct Answer: Option E
Explanation