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25 Feb 2018
6) Suppose the demand for gasoline is inelastic, but not perfectly inelastic, and the supply is elastic, but not perfectly elastic. A tax on gasoline is paid A) mostly by buyers. B) mostly by sellers. C) equally by buyers and sellers. D) totally by buyers. E) totally by sellers.
6) Suppose the demand for gasoline is inelastic, but not perfectly inelastic, and the supply is elastic, but not perfectly elastic. A tax on gasoline is paid A) mostly by buyers. B) mostly by sellers. C) equally by buyers and sellers. D) totally by buyers. E) totally by sellers.
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