When demand is more elastic than supply, the largest portion of a tax is paid by the consumer.

Name: When demand is more elastic than supply, the largest portion of a tax is paid by the consumer.
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Quizplus · Accepted Answer

When demand is more elastic than supply, producers bear a larger portion of the tax burden because consumers are more responsive to price changes and can more easily reduce quantity demanded, shifting the tax burden to producers.

When Demand Is More Elastic Than Supply, the Largest Portion