A tax burden falls more heavily on the side of the market that

Name: A tax burden falls more heavily on the side of the market that
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A tax burden falls more heavily on the side of the market that is more inelastic because they are less responsive to changes in price. This means that they are less likely to reduce their consumption or production in response to the tax, which results in a higher portion of the tax burden being borne by them.

A Tax Burden Falls More Heavily on the Side of the Market