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When a tax is imposed on a good for which the supply is relatively elastic and the demand is relatively inelastic,
a. buyers and sellers will each bear 50 percent of the burden of the tax.
b. buyers of the good will bear most of the burden of the tax.
c. sellers of the good will bear most of the burden of the tax?
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Answers: 1
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When a tax is imposed on a good for which the supply is relatively elastic and the demand is relativ...
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