When a good is taxed, the burden of the tax falls mainly on consumers if
a. the tax is levied on consumers.
b. the tax is levied on producers.
c. supply is inelastic, and demand is elastic.
d. supply is elastic, and demand is inelastic.
When a good is taxed, the burden of the tax falls mainly on consumers if
a. the tax is levied on consumers.
b. the tax is levied on producers.
c. supply is inelastic, and demand is elastic.
d. supply is elastic, and demand is inelastic.