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

Economics WAEC 1994

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

  • supply of his goods is more elastic than the demand
  • demand for his products is completely elastic
  • production of his commodity is subject to diminishing returns
  • demand for his products is more elastic than the supply
  • demand for his products is completely elastic checkmark

The correct answer is: E

Explanation

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