If the Demand Curve Is Less Elastic Than the Supply

question 131

Multiple Choice

If the demand curve is less elastic than the supply curve in a market that is taxed, then:

• A) buyers will bear a greater tax burden than sellers.
• B) sellers will bear a greater tax burden than buyers.
• C) the tax burden will be shared equally by buyers and sellers.
• D) None of these are correct.

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Definitions:

Supreme Court of Canada

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