Which of the following statements is correct?
A) When demand is more inelastic than supply, sellers pay more of the tax.
B) When demand is more elastic than supply, sellers pay more of the tax.
C) When supply is more inelastic than demand, buyers pay more of the tax.
D) When supply is more elastic than demand, sellers pay more of the tax.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A) When demand is more inelastic than supply, sellers pay more of the tax.
B) When demand is more elastic than supply, sellers pay more of the tax.
C) When supply is more inelastic than demand, buyers pay more of the tax.
D) When supply is more elastic than demand, sellers pay more of the tax.

Which of the Following Statements Is Correct