Use the following to answer questions :
Figure: Tax Incidence
-(Figure: Tax Incidence)Use Figure: Tax Incidence.Consumers are likely to bear more of the burden of an excise tax in the situations illustrated by panels:

Question

Use the following to answer questions :
Figure: Tax Incidence 
-(Figure: Tax Incidence)Use Figure: Tax Incidence.Consumers are likely to bear more of the burden of an excise tax in the situations illustrated by panels:

Quizplus · Accepted Answer

Consumers bear more of the tax burden when demand is inelastic (panel a) or when supply is elastic (panel d).

Use the Following to Answer Questions