If the supply curve is more inelastic than the demand curve, then:
A. the sellers will bear a greater tax incidence than the buyers.
B. the sellers will bear a smaller tax incidence than the buyers.
C. the sellers will bear an equal tax incidence as the buyers.
D. Any of these could be true.
A. the sellers will bear a greater tax incidence than the buyers.
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a. True b. False Indicate whether the statement is true or false
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What will be an ideal response?