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Question 173

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Use the following to answer questions:
Figure: Tax Incidence Use the following to answer questions: Figure: Tax Incidence -(Figure: Tax Incidence) Look at the figure Tax Incidence. All other things unchanged, when a good or service is characterized by a relatively inelastic 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) A; sellers D) B; buyers
-(Figure: Tax Incidence) Look at the figure Tax Incidence. All other things unchanged, when a good or service is characterized by a relatively inelastic 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) A; sellers
D) B; buyers

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