All else equal,the more elastic the demand for a good,the larger the burden of a tax borne by consumers.

Name: All else equal,the more elastic the demand for a good,the larger the burden of a tax borne by consumers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The more elastic the demand for a good, the smaller the burden of a tax borne by consumers, as they are more sensitive to price changes and can more easily reduce consumption or switch to alternatives, shifting the tax burden to producers.

All Else Equal,the More Elastic the Demand for a Good,the