• Card 10 / 47: Consumers will bear more of the burden of a tax the:
    A) more elastic supply is.
    B) more elastic demand is.
    C) the more inelastic supply is.
    D) consumers always bear the burden of the tax since they pay the final price.
    E) none of the above.

    Answer:
    A) more elastic supply is.

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Microeconomics Practice MCQ

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Attribution:  Levy, Frank. 11.203 Microeconomics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/urban-studies-and-planning/11-203-microeconomics-fall-2010 (Accessed 13 Mar, 2014). License: Creative Commons BY-NC-SA
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