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ould consumer or producer carry the burden of tax if good is inelastic? Show on a grap

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If elasticity of demand is greater than elasticity of supply, more tax incidence will be on who? A. Seller B. Buyer