Suppose That in a Particular Market,the Demand Curve Is Highly

question 88

Multiple Choice

Suppose that in a particular market,the demand curve is highly elastic,and the supply curve is highly inelastic.If a tax is imposed in this market,then the

• A)buyers will bear a greater burden of the tax than the sellers.
• B)sellers will bear a greater burden of the tax than the buyers.
• C)buyers and sellers are likely to share the burden of the tax equally.
• D)buyers and sellers will not share the burden equally,but it is impossible to determine who will bear the greater burden of the tax without more information.

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