greenjamillah9076 greenjamillah9076
  • 21-01-2024
  • Business
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The demand for chocolate is perfectly inelastic in Foodieland. If a tax is imposed on chocolate, ________.

A. the deadweight loss due to taxation will be high
B. the deadweight loss due to taxation will be one
C. the tax burden will fall entirely on buyers
D. consumers will stop consuming chocolate

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