Who bears the majority of a tax burden depends on the relative elasticity of supply and demand.

Name: Who bears the majority of a tax burden depends on the relative elasticity of supply and demand.
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Question

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The tax burden falls more on the side of the market (either supply or demand) that is less elastic because that side cannot easily adjust to the tax by changing the quantity supplied or demanded.

Who Bears the Majority of a Tax Burden Depends on the Relative