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If the producers bear a larger tax incidence than the buyers in a market, which of the following must be true? A.They are not as
If the producers bear a larger tax incidence than the buyers in a market, which of the following must be true?
- A.They are not as business savvy as the consumers.
- B.Their supply curve must be more elastic than the consumers' demand curve in this market.
- C.Their supply curve must be less elastic than the consumers' demand curve in this market.
- D.It must be a market for inferior goods.
- E.It must be a market for luxury items.
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