1) A tax on sellers shifts the A) Supply; left B) Supply; right C) Demand; left D) Demand; right curve to the 2) Buyers bear a smaller incidence of the tax when: A) The tax is higher B) Supply is more elastic than demand C) Demand is more elastic than supply D) Demand is perfectly inelastic
1) A tax on sellers shifts the A) Supply; left B) Supply; right C) Demand; left D) Demand; right curve to the 2) Buyers bear a smaller incidence of the tax when: A) The tax is higher B) Supply is more elastic than demand C) Demand is more elastic than supply D) Demand is perfectly inelastic
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![1) A tax on sellers shifts the
A) Supply; left
B) Supply; right
C) Demand; left
D) Demand; right
curve to the
2) Buyers bear a smaller incidence of the tax when:
A) The tax is higher
B) Supply is more elastic than demand
C) Demand is more elastic than supply
D) Demand is perfectly inelastic](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d468890-9ea7-4308-9a5c-2217cb6f6b67%2F4450499f-92fd-47b9-bb7a-42055bf56adc%2F7h9zkbv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1) A tax on sellers shifts the
A) Supply; left
B) Supply; right
C) Demand; left
D) Demand; right
curve to the
2) Buyers bear a smaller incidence of the tax when:
A) The tax is higher
B) Supply is more elastic than demand
C) Demand is more elastic than supply
D) Demand is perfectly inelastic
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