cdavis.edu/courses/6/ D If a demand curve is relatively more elastic than the supply curve, a tax in the market will O affect the price paid by buyers and price received by sellers the same. O raise the price paid by buyers more than it will reduce the price received by sellers. O reduce the price received by sellers more than it will raise the price paid by buyers. O not be relevant to the price paid by buyers or the price received by sellers. D All else the same, in which of the following circumstances would the deadweight loss from a tax be largest? demand is relatively price inelastic and supply is relatively price elastic. O demand is relatively price elastic and supply is relatively price inelastic. O both demand and supply are relatively price elastic. O both demand and supply are relatively price inelastic. D 10 5 7 1 5 If the demand curve is perfectly inelastic then the burden of the tax will O be completely on the sellers of the product. O be completely on the buyers of the product. still be shared between buyers and sellers of a product. not be able to be determined between buyers and sellers of a product