When a Tax Is Imposed on the Suppliers of a Good

question 91

Multiple Choice

When a tax is imposed on the suppliers of a good or service, then

• A) in general, the producers pay all the tax.
• B) in general, the consumers pay all the tax.
• C) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes smaller.
• D) the consumers pay a larger part of the tax as the elasticity of demand for the product becomes larger.

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