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When a good is taxed, the burden of the tax:
a. falls more heavily on the side of the market that is more elastic.
b. falls more heavily on the side of the market that is more inelastic.
c. falls more heavily on the side of the market that is closer to unit elastic.
d. is distributed independently of relative elasticities of supply and demand
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Experienced problem solvers always consider both the value and units of their answer to a problem. why?
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When a good is taxed, the burden of the tax:
a. falls more heavily on the side of the ma...
a. falls more heavily on the side of the ma...
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