The tax burden will fall most heavily on sellers of the good when the demand curve
A. is relatively flat, and the supply curve is relatively steep.
B. is relatively steep, and the supply curve is relatively flat.
C. and the supply curve are both relatively flat.
D. and the supply curve are both relatively steep.
A. is relatively flat, and the supply curve is relatively steep.
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What will be an ideal response?
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What will be an ideal response?
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a. rise at an increasing rate. b. rise at a rate equal to the real interest rate. c. rise at a rate equal to the nominal interest rate. d. rise at a rate determined by demand conditions.
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