Use the following to answer question: 
-(Figure: Tax Incidence) Use Figure: Tax Incidence.All other things unchanged,when a good or service is characterized by a relatively elastic demand,as shown in panel _____,the greater share of the burden of an excise tax on it is borne by _____.
A) D;buyers
B) D;sellers
C) C;sellers
D) C;buyers
Correct Answer:
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