If a Tax Is Imposed on a Good Where Both

question 159

Multiple Choice

If a tax is imposed on a good where both supply and demand are somewhat elastic,but supply is more elastic than demand,the burden of the tax will be borne

• A) by consumers and producers equally.
• B) by consumers alone.
• C) by producers alone.
• D) mostly by consumers but partially by producers.
• E) mostly by producers but partially by consumers.