Suppose That a Tax Is Placed on Books

question 97

Multiple Choice

Suppose that a tax is placed on books.If the sellers pay the majority of the tax,then we know that the

• A)demand is more inelastic than the supply.
• B)supply is more inelastic than the demand.
• C)government has required that buyers remit the tax payments.
• D)government has required that sellers remit the tax payments.