Q. The share of the tax borne by the seller will be larger:

  • (A) if the demand for the product is less elastic
  • (B) if the demand for the product is inelastic
  • (C) if the demand for the product has greater elasticity
  • (D) if the elasticity of supply of the product is larger
βœ… Correct Answer: (C) if the demand for the product has greater elasticity

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