If buyers pay more of a tax than the sellers,
A) supply is more elastic than demand.
B) the equilibrium price paid by buyers rises by less than half the amount of the tax.
C) demand is more elastic than supply.
D) the amount of tax revenue collected by the government is almost zero.
E) None of the above answers is correct.
Correct Answer:
Verified
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Q19: Q20: If a tax is placed on suppliers Q21: Why do sellers pay all of a Q23: The deadweight loss of a tax Q25: The excess burden of a tax refers Q26: The buyers pay all of a tax Q27: When a tax is imposed on a Q74: ![]()
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