For a given supply elasticity, the more inelastic the demand for a good, the larger the share of the tax paid by the

A) buyers.
B) sellers.
C) participants other than the buyers and sellers.
D) government.
E) None of the above answers is correct.

A

Economics

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Since half of the FICA tax is paid by firms and the other half is paid by workers, the burden of the tax must fall equally on firms and workers

a. True b. False Indicate whether the statement is true or false

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