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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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