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

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Take Free Practice Test On 2024 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
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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