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

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

When the demand curve is less elastic than the supply curve, it means that buyers are less responsive to price changes than sellers. Therefore, buyers will bear a greater tax burden than sellers because they are less likely to reduce their quantity demanded in response to the tax-induced price increase.

If the Demand Curve Is Less Elastic Than the Supply