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    Question

    What will happen when supply elasticity is less than

    demand elasticity?
    A Consumer burden will be less than producer burden Correct Answer Incorrect Answer
    B Consumer burden will be more than producer burden Correct Answer Incorrect Answer
    C Both will be equal Correct Answer Incorrect Answer
    D None Correct Answer Incorrect Answer
    E Insufficient information Correct Answer Incorrect Answer

    Solution

    When supply elasticity is less than demand elasticity consumer burden will be less than producer burden.

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