Multiple Choice
The more inelastic is demand,ceteris paribus:
A) the larger the welfare cost of a given tax.
B) the larger the proportion of the burden of a given tax borne by the sellers.
C) the larger the proportion of the burden of a given tax borne by the buyers.
D) the smaller amount of revenue generated by the tax.
Correct Answer:

Verified
Correct Answer:
Verified
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