If demand is more inelastic than supply, consumers bear most of the tax burden, and if supply is more inelastic than demand, sellers bear most of the tax burden.
The more elastic the demand curve, the more likely that consumers will reduce the quantity demanded instead of paying higher prices.
A purchaser is a person or a set who intends to order, or makes use of purchased items, products, or services frequently for personal, social, family, household and comparable needs, who isn't always directly associated with entrepreneurial or commercial enterprise activities. The time period maximum usually refers to someone who purchases items and offerings for personal use.
Learn more about consumers here
https://brainly.com/question/380037
#spj4
