Multiple Choice
With regard to tax burdens, what does the "elasticity = escape" idea tell you?
A) that the curve (between demand and supply) that is relatively more elastic will bear less of the tax burden
B) that the curve (between demand and supply) that is relatively more inelastic will bear less of the tax burden
C) that the curve (between demand and supply) that is relatively more elastic will escape the tax burden entirely
D) that the ratio of the buyers' tax burden to the sellers' tax burden is always greater than 1
Correct Answer:

Verified
Correct Answer:
Verified
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