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Assume that the demand for soda is highly elastic, and that the supply is highly inelastic. If a per unit tax on soda is implemented,
Assume that the demand for soda is highly elastic, and that the supply is highly inelastic. If a per unit tax on soda is implemented, the burden of the tax will be borne primarily by which group? Group of answer choices Sellers of soda. Buyers of soda
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
