Refer to Exhibit 4. Which of the following is true with regard to the burden of the tax in Exhibit 4 ?

Question

Xaibi Aslam · Accepted Answer

The sellers pay a larger portion of the tax because supply is more inelastic than demand

Xaibi Aslam · Answer

The buyers pay a larger portion of the tax because demand is more inelastic than supply

Xaibi Aslam · Answer

The sellers pay a larger portion of the tax because supply is more elastic than demand

Xaibi Aslam · Answer

The buyers pay a larger portion of the tax because demand is more elastic then supply

Question #49272