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Business, 27.02.2022 01:10 invocx

In a market where supply and demand are both somewhat elastic, but demand is more elastic than supply, consumers will bear less of the burden of a tax because Group of answer choices both parties have equal ability to change their behavior in response to the tax. consumers will experience lower prices as a result of the tax. producers are more likely to be responsible for paying the tax out of pocket. producers have a greater ability to change their behavior in response to the tax than consumers do. consumers have a greater ability to change their behavior in response to the tax than producers do.

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