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Buyers of a Good Bear the Larger Share of the Tax

Question 421

Multiple Choice

Buyers of a good bear the larger share of the tax burden when a tax is placed on a product for which


A) the supply is more elastic than the demand.
B) the demand in more elastic than the supply.
C) the tax is placed on the sellers of the product.
D) the tax is placed on the buyers of the product.

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