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If the demand for bread is more elastic than the supply of bread, which group will bear more of the incidence of a tax on bread?
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If the demand for bread is more elastic than the supply of bread, which group will bear more of the incidence of a tax on bread?

User Sean Cavanagh
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1 Answer

6 votes

The supplier because the tax will decrease demand bcause it is elastic.

User Troy Carlson
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