December 1, 2015

Homework Help: Economics

Posted by G on Monday, April 7, 2008 at 9:48am.

A tax imposed on a market with an inelastic demand and an elastic supply with cause:
A)sellers to pay the majority of the tax
B)buyers to pay the majority of the tax
C)the tax burden to be equally devided between buyers and sellers
D)the tax burden to be divided, but it cannot be determined how

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