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QUESTION

A tax burden falls most heavily on the side of the market that is inelastic. A tax burden falls most heavily on the side of the market that is...

B. A tax burden falls most heavily on the side of the market that is inelastic. A. A tax burden falls most heavily on the side of the market that is elastic. Which of the following is the most correct statement about tax burdens? A. A tax burden falls most heavily on the side of the market that is elastic. B. A tax burden falls most heavily on the side of the market that is inelastic. C. A tax burden falls most heavily on the side of the market that is closer to unit elastic. D. A tax burden is distributed independently of relative elasticities of supply and demand.

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