Given the demand curve, the more inelastic the supply curve, the
A) more the excise tax incidence is shifted to consumers.
B) greater is the deadweight loss.
C) smaller is the deadweight loss.
D) greater is the increase in price to consumers.

Question

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The Answer of Given the demand curve, the more inelastic the supply curve, the
A) more the excise tax incidence is shifted to consumers.
B) greater is the deadweight loss.
C) smaller is the deadweight loss.
D) greater is the increase in price to consumers.

Given the Demand Curve, the More Inelastic the Supply Curve