The incidence of a per-unit tax on a good is identical for buyers and sellers of the good if ________.
A) the buyers and sellers of the good are equally sensitive to price changes
B) the elasticity of market demand exceeds the elasticity of market supply
C) the market supply curve is flatter than the market demand curve
D) the market demand curve is horizontal
Correct Answer:
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Q101: The figure below shows the demand (D)
Q102: The figure below shows the demand and
Q103: If a tax is imposed on a
Q104: If a tax is imposed on each
Q105: The figure below shows the demand (D)
Q107: The figure below shows the demand (D)
Q108: When the price of laundry detergent is
Q109: If the market supply curve of a
Q110: The tax incidence on buyers is higher
Q111: The figure below shows the demand and
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