If the demand curve is very inelastic and the supply curve is very elastic in a market, then the sellers will bear a greater burden of a tax imposed on the market, even if the tax is imposed on the buyers.

Question

Quizplus · Accepted Answer

When the demand curve is very inelastic and the supply curve is very elastic, buyers bear a greater burden of the tax because they are less responsive to price changes, while sellers can adjust their quantities more easily.

If the Demand Curve Is Very Inelastic and the Supply