Assume the demand for gasoline is perfectly
Assume the demand for gasoline is perfectly inelastic—i.e., the demand curve is vertical. If a tax is levied on the producers of gasoline, what percentage of the tax collection would be paid by the consumers of gasoline 0% or 100%? Explain.
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assume the demand for gasoline is perfectly inelasticmdashie the demand curve is vertical if a tax is levied on the
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