Suppose that the supply curve for a good is vertical. In this case we would expect

Suppose that the supply curve for a good is vertical. In this case we would expect



A. the tax to be shared equally by both buyer and seller
B. a tax placed on the buyer to be borne entirely by the seller
C. nothing to be sold so no tax is collected
D. a tax placed no the buyer to be burned entirely by the buyer


Answer: B. a tax placed on the buyer to be borne entirely by the seller


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