The greater burden of specific tax will usually be absorbed

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In the long run, the greater burden of a specific tax will usually be absorbed by

a. consumers

b. the party- consumers or producers- with the more elastic demand/supply curve

c. the party with the least elastic demand/supply curve

d. shareholders and employees of the firm in th form or reduced dividends and wages

e. none of the above

Reference no: EM13819086

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