If the demand for a good is more elastic than its supply, the tax burden is borne
a
equally by consumers and producers
b
more by producers
c
more by consumers
d
more by retailers and producers
Explanation
Correct Option
bVideo Explanation
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Dean3518
10 years ago
The ans is B....Bcus when demand is inelastic and supply is elastic D burden fall most on the consurmer....But when D demand is elastic and supply is inelastic burden fall on the producer....Xo this particular question say if D demand is more elastic than supply dat means D ans is B
