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After a 10-cent tax is imposed on suppliers of soda, the market price of soda increased. Suppose, in the relevant price range, the demand for
After a 10-cent tax is imposed on suppliers of soda, the market price of soda increased. Suppose, in the relevant price range, the demand for soda is relatively more elastic than the supply. We can conclude that A. buyers pay a larger share of the tax than sellers. B. sellers pay the entire tax. C. both buyers and sellers pay the same share of the tax. D. buyers pay a smaller share of the tax than sellers. E. buyers pay the entire tax
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