3 In which circumstance will the greatest amount of the tax be borne by the consumer?
PED PES
A elastic inelastic
B inelastic inelastic
C inelastic elastic
D elastic inelastic
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6cky
Explanation:
6cky
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Answer:
Explanation:
If demand is more inelastic than supply, consumers bear most of the tax burden. But, if supply is more inelastic than demand, sellers bear most of the tax burden.
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