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WAEC Economics 2026 Question 44

Question 44

Public Finance

The burden of a specific tax on a good is wholly on the consumers if its price elasticity of demand equals

  1. A.1
  2. B.0
  3. C.1.5
  4. D.0.5
Show the answer and explanation

Answer: B (0)

Explanation

With zero elasticity, buyers pay the full tax.