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If the demand curve is more elastic relative to supply comma then this suggests that the Part 2 A.consumer price increases by the amount of
If the demand curve is more elastic relative to supply comma then this suggests that the Part 2 A.consumer price increases by the amount of the tax. consumer price increases by the amount of the tax. B.entire burden of the tax is borne by the sellers. entire burden of the tax is borne by the sellers. C.sellers pay a smaller portion of the excise tax. sellers pay a smaller portion of the excise tax. D.sellers pay a larger portion of the excise tax. sellers pay a larger portion of the excise tax. E.sellers bear an equal burden since they must collect the tax. sellers bear an equal burden since they must collect the tax
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