Under normal circumstances a producer will bear the entire burden of taxation on his output if the?
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- A Demand for his product is completely elastic
- B Supply of his goods is more elastic than the demand
- C Demand for his product is more elastic than the supply
- D Production of his commodities is subject to diminishing returns
- E Production of his commodities is subject to increase returns to scale
Correct Answer: Option A
Explanation:
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