If the Demand Curve Is Less Elastic Than the Supply

question 117

Multiple Choice

If the demand curve is less elastic than the supply curve,then:

• A) the buyers will bear a greater tax incidence.
• B) the sellers will bear a greater tax incidence.
• C) the buyers will bear a smaller tax burden than sellers.
• D) the sellers will bear a greater tax burden than buyers.

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Definitions:

Brand Name

A distinctive name identified with a product or company, used to establish a unique identity in the marketplace.