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Suppose that the relative elasticity of demand and supply is same for a product. Now illustrate with graphical representation that the tax burden is shared

Suppose that the relative elasticity of demand and supply is same for a product. Now illustrate

with graphical representation that the tax burden is shared equally between buyers and sellers in both

the following cases: I) a certain amount of tax is imposed on buyers II) a certain amount of tax is

imposed on sellers.

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