Mumbai University IDOL  M.Com Part 1 Economics MCQ  Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1 A tax is shifted ___________ to producers if the supply is inelastic relative to demand. A.   backward B.   steeper C.   forward D.   upward ANS: A   2 Price ceiling is a legal __________on the price at which a [...]