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Suppose That a Tax Is Placed on DVDs

Question 271

Multiple Choice

Suppose that a tax is placed on DVDs. If the sellers end up bearing most of the tax burden, this indicates that the


A) demand is more inelastic than supply.
B) supply is more inelastic than demand.
C) government has required that buyers remit the tax payments.
D) government has required that sellers remit the tax payments.

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