The elasticity of supply is 1.7 and the elasticity of demand is .2. The tax inci

Question

The elasticity of supply is 1.7 and the elasticity of demand is .2. The tax incidence will: primarily fall on the buyer regardless of the tax levy. primarily fall on the buyer if the tax levy is on the buyer. primarily fall on the seller if the tax levy is on the seller. primarily fall on the seller regardless of the tax levy. The elasticity of supply is 1.7 and the elasticity of demand is .2. The tax incidence will: The elasticity of supply is 1.7 and the elasticity of demand is .2. The tax incidence will: primarily fall on the buyer regardless of the tax levy. primarily fall on the buyer if the tax levy is on the buyer. primarily fall on the seller if the tax levy is on the seller. primarily fall on the seller regardless of the tax levy. primarily fall on the buyer regardless of the tax levy. primarily fall on the buyer if the tax levy is on the buyer. primarily fall on the seller if the tax levy is on the seller. primarily fall on the seller regardless of the tax levy. primarily fall on the buyer regardless of the tax levy.

Explanation / Answer

primarily fall on the buyer if the tax levy is on the buyer. primarily fall on the buyer if the tax levy is on the buyer.

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