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Suppose That a Tax Is Placed on Books

Question 143

Multiple Choice
Suppose that a tax is placed on books.If the buyer pays the majority of the tax,what do we know

Suppose that a tax is placed on books.If the buyer pays the majority of the tax,what do we know


A) The supply curve is more inelastic than the demand curve.
B) The demand curve is more inelastic than the supply curve.
C) The government has placed the tax on the seller.
D) The government has placed the tax on the buyer.

Correct Answer:

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