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what is the correct answer and why?
Question 4 (1 point) f the supply curve has a slope of 2 and the demand curve has a slope of -2, the tax will be fall: mostly on the consumers mostly on the producers equally on the consumers and suppliers impossible to tell without additional information Save
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Answer #1

Option C.

Since the value of elasticity of demand is equal to the value of elasticity of supply, thus, the tax will fall equally on both the consumers as well as the producers in the economy. Thus, both share the tax burden equally.

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