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Title: "For a given supply curve, the excess burden of a tax will be greater when the demand for a product ... Post by: coolcat on Oct 10, 2019 "For a given supply curve, the excess burden of a tax will be greater when the demand for a product is less elastic than when the demand is more elastic." This statement is ▸ incorrect. When demand is less elastic, the burden of the tax is smaller than when the demand is more elastic. ▸ incorrect because the incidence of the tax, not the burden of the tax, is affected by the elasticity of demand. ▸ correct. ▸ incorrect. The statement confuses demand with quantity demanded. Title: "For a given supply curve, the excess burden of a tax will be greater when the demand for a product ... Post by: brigettelearn on Oct 10, 2019 Content hidden
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