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Commerce · Q1456

Economics

Graduate and Post Graduate · Commerce · question 1456

Q1456

The tax burden on the seller in the market will be the highest when the goods?

A.
If both supply and demand are elastic
B.
If both supply and demand are not elastic
C.
If demand is inelastic but supply is elastic
D.
If demand is elastic but supply is inelastic
Answer

Answer: Option D

Solution

Answer: Option D
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