Which of the Following Statements Is Correct

question 195

Multiple Choice

Which of the following statements is correct?

• A) When demand is more inelastic than supply, sellers pay more of the tax.
• B) When demand is more elastic than supply, sellers pay more of the tax.
• C) When supply is more inelastic than demand, buyers pay more of the tax.
• D) When supply is more elastic than demand, sellers pay more of the tax.