2229EconomicsMedium
The burden of a tax falls more heavily on the buyers in a market when?
Aboth supply and demand are elastic
Bdemand is elastic, and supply are inelastic
Cdemand is inelastic, and supply is elastic
Dboth supply and demand are inelastic
Correct answer
C. demand is inelastic, and supply is elastic
Explanation
The correct answer is demand is inelastic, and supply is elastic.