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Title: The demand for gasoline is inelastic and the supply of gasoline is elastic. Therefore, Post by: Loraine on Jun 20, 2015 The demand for gasoline is inelastic and the supply of gasoline is elastic. Therefore,
A) sellers bear most of the incidence of a tax on gasoline. B) buyers bear most of the incidence of a tax on gasoline. C) the government bears most of the incidence of a tax on gasoline. D) the incidence of a tax on gasoline depends if the tax is imposed on sellers or on buyers. E) None of the above answers is correct. Title: Re: The demand for gasoline is inelastic and the supply of gasoline is elastic. Therefore, Post by: Sydnie on Aug 6, 2015 Content hidden
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