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The Demand for a Good and the Supply of a Good

Question 74

Multiple Choice

The demand for a good and the supply of a good are each neither perfectly elastic nor perfectly inelastic.If a sales tax on sellers of the good is imposed,the tax is paid by


A) the buyers only.
B) both the buyers and the sellers.
C) the sellers only.
D) the buyers only if demand for the good increases.
E) the suppliers only if the supply of the good increases.

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