If the elasticity of demand for a good is greater than elasticity of supply for the good, then :
Incidence cannot be shifted
The burden of tax on buyers would be equal to that on sellers
The burden of tax on buyers would be higher than that on sellers
The burden of tax on buyers would be lower than that on sellers
Intro to Business Economics
Theory of Demand & Supply
Theory of Production & Cost
Price Determination in Markets
Business Cycles
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