The amount of a tax paid by the buyers will be larger, the

Name: The amount of a tax paid by the buyers will be larger, the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The amount of tax paid by buyers will be larger when the demand is more inelastic and the supply is more elastic. This is because buyers are less responsive to price changes when demand is inelastic, and sellers can more easily change their quantity supplied when supply is elastic, shifting more of the tax burden to buyers.

The Amount of a Tax Paid by the Buyers Will