Sellers of a product will bear the larger part of the tax burden, and buyers will bear a smaller part of the tax burden, when the Question 29 options: a) demand for the product is more elastic than the supply of the product. b) tax is placed on the buyers of the product. c) supply of the product is more elastic than the demand for the product. d) tax is placed on the sellers of the product.
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Home » Business » Sellers of a product will bear the larger part of the tax burden, and buyers will bear a smaller part of the tax burden, when the Question 29 options: a) demand for the product is more elastic than the supply of the product.