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In the end, elasticity of demand for a good will determine who pays the majority of a tax. When the demand for a good is

In the end, elasticity of demand for a good will determine who pays the majority of a tax. When the demand for a good is very elastic,

_______________

will pay the majority of any tax. When the demand for a good is very inelastic,

_______________

will pay the majority of any tax.

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