Multiple Choice
If a tax is imposed on a good where both supply and demand are somewhat elastic,but demand is more elastic than supply,the burden of the tax will be borne
A) by consumers and producers equally.
B) by consumers alone.
C) by producers alone.
D) mostly by consumers but partially by producers.
E) mostly by producers but partially by consumers.
Correct Answer:

Verified
Correct Answer:
Verified
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