If the demand for gasoline is highly inelastic and the supply is highly elastic, and then a

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If the demand for gasoline is highly inelastic and the supply is highly elastic, and then a tax is imposed on gasoline, it will be paid

a. largely by the sellers of gasoline.

b. largely by the buyers of gasoline.

c. equally by the sellers and buyers of gasoline.

d. by the government.

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 03:01 AM

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If the demand for gasoline is highly inelastic and the supply is highly elastic, and then a

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Exploring Macroeconomics

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