If the demand curve is more elastic than the supply curve in a market that is taxed, then:

Name: If the demand curve is more elastic than the supply curve in a market that is taxed, then:
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Quizplus · Accepted Answer

When the demand curve is more elastic than the supply curve, it means consumers are more responsive to price changes than sellers. Therefore, sellers will bear a greater tax burden than buyers because it is harder for them to pass the tax onto consumers through higher prices.

If the Demand Curve Is More Elastic Than the Supply