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The price elasticity of demand is -3 and the price elasticity of supply is 5. In this market, the incidence of a sales tax will
The price elasticity of demand is -3 and the price elasticity of supply is 5. In this market, the incidence of a sales tax will fall ___
1. more on the sellers than the buyers
2. entirely on the sellers
3. more on the buyers than the sellers
4. entirely on the buyers
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