If a tax is imposed on a market with inelastic demand and elastic supply, sellers will bear most of the burden of the tax.

Name: If a tax is imposed on a market with inelastic demand and elastic supply, sellers will bear most of the burden of the tax.
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In a market with inelastic demand and elastic supply, buyers will bear most of the tax burden because they are less responsive to price changes.

If a Tax Is Imposed on a Market with Inelastic