When demand is relatively inelastic and supply is relatively elastic, the burden of a tax will be

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When demand is relatively inelastic and supply is relatively elastic, the burden of a tax will be borne ______.

a) mainly by sellers

b) mainly by buyers

c) equally between sellers and buyers

d) it is impossible to determine the relative burdens of the tax.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:01 AM

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When demand is relatively inelastic and supply is relatively elastic, the burden of a tax will be

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Microeconomics

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