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The Demand For Gasoline Is Inelastic And The Supply Of Gasoline Is Elastic. Therefore,

A) the incidence of a tax on gasoline depends if the tax is imposed on sellers or on buyers B) the government bears most of the incidence of a tax on gasoline C) buyers bear most of the incidence of a tax on gasoline D) sellers bear most of the incidence of a tax on gasoline E) None of the above answers is correct
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buyers bear most of the incidence of a tax on gasoline
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