gabbyyonce95881 gabbyyonce95881
  • 07-01-2024
  • Business
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Suppose that an excise (sales) tax of $1 is levied on the sale of a gallon of gas. Most of this tax will be borne by the buyer rather than the seller if the price elasticity of demand for gas equals:
a. 0
b. 1
c. -1
d. [infinity]

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