If the demand for bread is more elastic than the supply of bread,which group will bear more of the incidence of a tax on bread?

Name: If the demand for bread is more elastic than the supply of bread,which group will bear more of the incidence of a tax on bread?
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Question

Quizplus · Accepted Answer

When demand is more elastic than supply, producers will bear more of the tax burden because consumers are more sensitive to price changes and will reduce their quantity demanded significantly if prices rise.

If the Demand for Bread Is More Elastic Than the Supply