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When the demand for a good is relatively inelastic and the supply is relatively elastic, who bears the majority of the tax burden?a)Buyersb)Sellersc)Producers and consumers share it equallyd)GovernmentCorrect answer is option 'B'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about When the demand for a good is relatively inelastic and the supply is relatively elastic, who bears the majority of the tax burden?a)Buyersb)Sellersc)Producers and consumers share it equallyd)GovernmentCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When the demand for a good is relatively inelastic and the supply is relatively elastic, who bears the majority of the tax burden?a)Buyersb)Sellersc)Producers and consumers share it equallyd)GovernmentCorrect answer is option 'B'. Can you explain this answer?.

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