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Question 56

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Use the following to answer question: Use the following to answer question: -(Figure: Tax Incidence) Use Figure: Tax Incidence.All other things unchanged,when a good or service is characterized by a relatively elastic supply,as shown in panel _____,a greater share of the burden of an excise tax is borne by _____. A) A;buyers B) B;sellers C) B;buyers D) A;sellers
-(Figure: Tax Incidence) Use Figure: Tax Incidence.All other things unchanged,when a good or service is characterized by a relatively elastic supply,as shown in panel _____,a greater share of the burden of an excise tax is borne by _____.


A) A;buyers
B) B;sellers
C) B;buyers
D) A;sellers

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