Imposing a tax on the supplier or the buyer has the same effect on prices and quantity. In a market with a perfectly inelastic supply curve, an excise tax leads to a price increase for consumers without affecting the quantity bought and sold.
Imposing a tax on the supplier or the buyer has the same effect on prices and quantity. In a market where the supply curve is perfectly inelastic, an excise tax would result in a price increase for consumers with no change in the quantity bought and sold.
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