Multiple Choice
If sellers bear a greater tax burden than buyers in a market, which of the following must be true?
A) The sellers are not as business savvy as the buyers.
B) The supply curve must be more inelastic than the demand curve.
C) The sellers face a very inelastic demand.
D) The supply curve must be more elastic than the demand curve.
Correct Answer:
Verified
Related Questions
Q123: What does tax incidence describe?
A) The difference
Q124: If the demand curve is more elastic
Q125: The incidence of a tax depends on:
A)
