Consumers Will Bear a Larger Burden of an Excise Tax

question 137

Multiple Choice

Consumers will bear a larger burden of an excise tax if

• A)demand is relatively elastic and supply is relatively inelastic.
• B)demand is relatively inelastic and supply is relatively elastic.
• C)both demand and supply are relatively inelastic.
• D)both demand and supply are relatively elastic.
• E)the tax is collected by firms rather than remitted directly to the government by consumers.

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