If the demand for apples is highly elastic and the supply is highly inelastic, then if a tax is imposed on apples it will be paid:
a. largely by the sellers of apples
b. largely by the buyers of apples.
c. equally by the sellers and buyers of apples.
d. by the government.
a
Economics
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Which of the following is an important factor affecting economic growth?
A) the rate of saving B) exchange rates C) the rate of interest D) the level of prices
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