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the share of the tax borne by the seller will be larger
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Q.
The share of the tax borne by the seller will be larger:
[A] if the demand for the product is less elastic
[B] if the demand for the product is inelastic
[C] if the demand for the product has greater elasticity
[D] if the elasticity of supply of the product is larger
Answer & Explanation
Option: [C]
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