5.3 The relative elasticity of supply and demand determines the distribution of the tax burden for a

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5.3 The relative elasticity of supply and demand determines the distribution of the tax burden for a good. If demand is more elastic than supply, producers bear the greater burden of the tax; if the supply is more elastic than the demand, consumers bear the greater burden.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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