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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 23
When demand is relatively inelastic and supply is relatively elastic, the burden of a tax will be borne__________
A) mainly by sellers
B) mainly by buyers
C) equally between sellers and buyers
D) it is impossible to determine the relative burdens of the tax
Use Figure 2 to answer questions 17 through 20.
F igure 2
A) mainly by sellers
B) mainly by buyers
C) equally between sellers and buyers
D) it is impossible to determine the relative burdens of the tax
Use Figure 2 to answer questions 17 through 20.
F igure 2
Explanation
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Microeconomics 9th Edition by Stephen Slavin
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