question archive True or false? Other things equal, consumers would prefer to face a less elastic supply curve for a good or service when an excise tax is imposed
True or false? Other things equal, consumers would prefer to face a less elastic supply curve for a good or service when an excise tax is imposed
Subject:EconomicsPrice:2.88 Bought3
True or false?
Other things equal, consumers would prefer to face a less elastic supply curve for a good or service when an excise tax is imposed.
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This is true. A less elastic supply curve would not be affected as much by a tax. This means that consumers won't bear the burden of the tax as much as they would in the case of a very elastic supply curve.
