If salt has a ________, then ________ pay most of any tax levied on salt.
A) high elasticity of supply; sellers
B) low elasticity of demand; buyers
C) high elasticity of demand; buyers
D) low elasticity of supply; buyers
Correct Answer:
Verified
Q189: Q190: The more elastic the demand for a Q191: The elasticity of demand for chocolate chip Q192: Consider the market for heart transplants. The Q193: A sales tax is divided so that Q195: If demand is perfectly elastic, a sales Q196: If a tax is imposed in a Q197: Which of the following leads to the Q198: Suppose the local government places a sales Q199: Good A has a perfectly inelastic demand
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