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If a tax is levied on the sellers of flour, then Ans: buyers and sellers will share the burden of the tax. The amount of the tax per unit is Ans: $14. The per-unit burden of the tax on buyers is Ans: $8. The per-unit burden of the tax on sellers is Ans: $6 The incidence of a tax falls more heavily on Ans: *consumers than producers if demand is more inelastic than supply. *producers than consumers if supply is more inelastic than demand. Page | 2 de...

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ECON 2100 Exam 2 Questions with Correct Answers Latest Update 2025/2026 If a tax is levied on the sellers of flour, then - Answers buyers and sellers will share the burden of the tax. The amount of the tax per unit is - Answers $14. The per-unit burden of the tax on buyers is - Answers $8. The per-unit burden of the tax on sellers is - Answers $6 The incidence of a tax falls more heavily on - Answers *consumers than producers if demand is more inelastic than supply. *producers than consu...

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