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11 Dec 2019
If a tax is imposed on a market with inelastic demand and elastic supply, then the burden of the tax will be shared equally
a) between buyers and sellers.
b) buyers will bear most of the burden of the tax.
c) sellers will bear most of the burden of the tax.
d) it is impossible to determine how the burden of the tax will be shared.
If a tax is imposed on a market with inelastic demand and elastic supply, then the burden of the tax will be shared equally
a) between buyers and sellers.
b) buyers will bear most of the burden of the tax.
c) sellers will bear most of the burden of the tax.
d) it is impossible to determine how the burden of the tax will be shared.
18 Nov 2022
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8 Apr 2020
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