Question 25
The entire burden of a quantity tax falls on buyers when the price elasticity of supply is zero.
True
False
The entire burden of a quantity tax falls on buyers when the price elasticity of supply is zero.
True
False
Correct answer
False
Question 25 of 31 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 3 Aug 2025, in the May 2025 term (IIT M DEGREE AN EXAM QDB2 03 Aug 2025). It carries 0.5 marks.