When a good is taxed, the burden of the tax falls mainly on consumers if a. the

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When a good is taxed, the burden of the tax falls mainly on consumers if

a. the tax is levied on consumers.

b. the tax is levied on producers.

c. supply is inelastic, and demand is elastic.

d. supply is elastic, and demand is inelastic.

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Principles Of Microeconomics

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:00 AM

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When a good is taxed, the burden of the tax falls mainly on consumers if a. the

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Principles Of Microeconomics

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