In general, the buyers will tend to pay a bigger share of a tax on a good when:

A. The price elasticities of supply and demand are low

B. The price elasticities of supply and demand are high

C. The price elasticity of supply is low and the price elasticity of demand is high

D. The price elasticity of supply is high and the price elasticity of demand is low

D. The price elasticity of supply is high and the price elasticity of demand is low

Economics

You might also like to view...

Excess reserves

What will be an ideal response?

Economics

According to the idea of consumer sovereignty, what will happen in the market for widgets if consumers decide they no longer desire widgets?

What will be an ideal response?

Economics