Multiple Choice
Which of the following is a correct statement about tax burdens?
A) A tax burden is distributed independently of relative elasticities of supply and demand.
B) A tax burden falls most heavily on the side of the market that is closer to unit elastic.
C) A tax burden falls most heavily on the side of the market that is less elastic.
D) A tax burden falls most heavily on the side of the market that is more elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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