Multiple Choice
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 inelastic demand,as shown in panel _____,the greater share of the burden of an excise tax on it is borne by _____.
A) C;buyers
B) C;sellers
C) D;sellers
D) D;buyers
Correct Answer:

Verified
Correct Answer:
Verified
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