Sellers of a Product Will Bear the Larger Part of the Tax

question 18

Multiple Choice

Sellers of a product will bear the larger part of the tax burden,and buyers will bear a smaller part of the tax burden,when the

• A)tax is placed on the sellers of the product.
• B)tax is placed on the buyers of the product.
• C)supply of the product is more elastic than the demand for the product.
• D)demand for the product is more elastic than the supply of the product.

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