Solved

Suppose the Demand for CDs Is Elastic,but Not Perfectly Elastic,and

Question 2

Multiple Choice

Suppose the demand for CDs is elastic,but not perfectly elastic,and the supply is inelastic,but not perfectly inelastic.A tax on CDs is paid

A) equally by buyers and sellers.
B) mostly by sellers.
C) mostly by buyers.
D) by neither buyers nor sellers.
E) totally by sellers.

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