The burden of tax on sellers is greater the more (1) elastic is demand.
(2) inelastic is demand.
(3) elastic is supply.
(4) inelastic is supply.
A) (2) only
B) (1) and (3)
C) (1) and (4)
D) (2) and (3)
E) (2) and (4)
Correct Answer:
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