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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.8
When both demand and supply are relatively elastic, what happens to the tax burden?
The tax burden does not exist in this scenario.
Consumers bear more of the tax burden than producers.
The tax burden is evenly split between consumers and producers.
Producers bear more of the tax burden than consumers.
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AP Microeconomics - 2.8 The Effects of Government Intervention in Markets
Key terms
Demand
Supply
Relatively Elastic
Tax Burden
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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