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

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** Free 2024 Post UTME CBT Practice**

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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




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