Tax Incidence And Its Effects - Economics Jamb Past Questions and Answers

Question 11 :

• JAMB 2010

If the demand for a good is more elastic than its supply, the tax burden is borne

A. Equally by consumers and producers
B. More by producers
C. More by consumers
D. More by retailers and producers

Question 12 :

• JAMB 2013

A tax on land will ultimately fall

A. Partly on agents and users
B. Entirely on users
C. Entirely on owners
D. Partly on users and owners

Question 13 :

• JAMB 2020

In order to raise more revenue for a certain period, the government should impose higher taxes on goods whose demand

A. Elastic
B. Inelastic
C. Perfectly elastic
D. Unitary elastic