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[CFA level 1模拟真题]Version 4 Questions-Q22

Q22. For markets with perfectly elastic supply and perfectly inelastic supply, respectively, the

introduction of a tax will most likely result in:

Markets with perfectly elastic supply         Markets with perfectly inelastic supply

A.

A price increase, and the seller bears the tax.

A price increase, and the buyer bears the tax

B.

A price increase, and supply remains the same.

No change in price, and the seller bears the tax.

C.

A price increase, and the buyer bears the tax

No change in price, and the seller bears the tax

D.

No change in price, and the seller bears the tax

A price increase, and the buyer bears the tax

A. Answer A

B. Answer B

C. Answer C

D. Answer D

 a

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thanks

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 d

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a

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d

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c

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??

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d

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see

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