If elasticity of demand is 1 and elasticity of supply is 0, what percentage of a 10 percent tax will be borne by consumers?
A) 100 percent.
B) 50 percent.
C) 10 percent.
D) 0 percent.

Question

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The Answer of If elasticity of demand is 1 and elasticity of supply is 0, what percentage of a 10 percent tax will be borne by consumers?
A) 100 percent.
B) 50 percent.
C) 10 percent.
D) 0 percent.

If Elasticity of Demand Is 1 and Elasticity of Supply