If Demand Is More Inelastic Than Supply Is, the

Multiple Choice

If demand is more inelastic than supply is, the

A) larger the portion of the tax that will be paid by producers
B) larger the portion of the tax that will be paid by consumers
C) more likely it is that the tax will be spread equally between producers and consumers
D) smaller the portion of the tax that will be paid by consumers
E) smaller the impact that an income tax will have on consumer preferences