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AP Microeconomics
Unit 2 โ Supply and Demand
Topic 2.8
Unit 2 โ Supply and Demand
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2.8 The Effects of Government Intervention in Markets
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mixed difficulty
When both demand and supply are relatively elastic, what happens to the tax burden?
Producers bear more of the tax burden than consumers.
The tax burden is evenly split between consumers and producers.
Consumers bear more of the tax burden than producers.
The tax burden does not exist in this scenario.
Study guides (1)
AP Microeconomics - 2.8 The Effects of Government Intervention in Markets
Key terms
Demand
Supply
Relatively Elastic
Tax Burden
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