The more elastic the supply of a product, the more likely it is that the
A) burden of a tax on the product will fall on sellers.
B) burden of a tax on the product will fall on buyers.
C) burden of a tax on the product will fall equally on both buyers and sellers.
D) deadweight loss of the tax will be smaller.
Correct Answer:
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Q6: What did Keynes and Hayek believe about
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A) is
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