if the demand curve is very inelastic and the supply curve is very elastic in the market then sellers will bear a greater burdeb of tax inposed on the market even if the tax imposed on buyers. True or false

if the demand curve is very inelastic and the supply curve is very elastic in the market then sellers will bear a greater burdeb of tax inposed on the market even if the tax imposed on buyers. True or false

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Application: The Cost Of Taxation

Section8.2: The Determinants Of The Deadweight Loss

Problem 2QQ: The demand for beer is more elastic than the demand for milk. Would a tax on beer or a tax on milk...

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if the demand curve is very inelastic and the supply curve is very elastic in the market then sellers will bear a greater burdeb
of tax inposed on the market even if the tax imposed on buyers.True or false

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