In the long run the greater burden of a specific tax will


In the long run, the greater burden of a specific tax will usually be absorbed by

a. consumers

b. the party- consumers or producers- with the more elastic demand/supply curve

c. the party with the least elastic demand/supply curve

d. shareholders and employees of the firm in th form or reduced dividends and wages

e. none of the above

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Business Economics: In the long run the greater burden of a specific tax will
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