Essay
Figure: Tax Incidence
(Figure: Tax Incidence) Look at the figure Tax Incidence.All other things unchanged, when a good or service is characterized by a relatively inelastic supply, as shown in panel , a
greater share of the burden of an excise tax is borne by _.
A.A; buyers
B.B; sellers
C.A; sellers
D.B; buyers
Correct Answer:
Verified
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