If demand is less elastic (i.e., the demand curve is [steeper or flatter?]) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers.
If demand is less elastic (i.e., the demand curve is [steeper or flatter?]) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers.
If demand is less elastic (i.e., the demand curve is [steeper or flatter?]) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers.
Answer
steeper
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Open it If demand is less elastic (i.e., the demand curve is steeper) than supply, consumers will bear a higher burden-that is, pay a greater portion of the tax revenue than suppliers.
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p29
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