If a tax is imposed on a good where both supply and demand are somewhat elastic, but demand is more elastic than supply, the burden of the tax will be borne
A. by producers alone.
B. by consumers and producers equally.
C. by consumers alone.
D. mostly by producers but partially by consumers.
E. mostly by consumers but partially by producers.
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Home » Business » If a tax is imposed on a good where both supply and demand are somewhat elastic, but demand is more elastic than supply, the burden of the tax will be borne A. by producers alone. B. by consumers and producers equally. C. by consumers alone. D.