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In a situation where demand is perfectly elastic, imposition of tax on a commodity to ...

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Take Free Practice Test On 2024 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
In a situation where demand is perfectly elastic, imposition of tax on a commodity to raise its price will result in ____________

A. consumers increasing their demand for the product
B. consumer’s demand for the product remaining unchanged
C. consumers shifting completely to substitute products
D. suppliers increasing the supply of the product





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