Q
The burden of a tax falls more heavily on the buyers in a market when ?
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A
A. Both supply and demand are inelastic
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B
B. Demand is elastic, and supply are inelastic
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C
C. Both supply and demand are elastic
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D
D. Demand is inelastic, and supply is elastic
Correct Answer:
D. D. Demand is inelastic, and supply is elastic