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Licemer1 [7]
3 years ago
11

Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for whicha.the supply is more elasti

c than the demand.b.the demand in more elastic than the supply.c.the tax is placed on the sellers of the product.d.the tax is placed on the buyers of the product.
Business
1 answer:
Roman55 [17]3 years ago
6 0

Answer:

B. The demand is more elastic than supply .

Explanation:

Demand & supply are buyers & sellers ability , willingness to buy & sell respectively .

Elasticity means responsiveness of demand & supply to prices.

'Tax burden' can be forwarded / shared only in case of Indirect taxes , whose burden & incidence lie on different people.

The burden falls on the party (consumers / suppliers) whose market element (demand / supply) is inelastic i.e less responsive to prices.

So , if sellers are bearing larger burden : It means demand is relatively elastic & supply is relatively inelastic.

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