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The government imposes an excise tax on house paint. The house paint tax incidence takes place...

The government imposes an excise tax on house paint. The house paint tax incidence takes place within a market where the supply of house paint is elastic and the demand for house paint is inelastic. Who pays the most of the excise tax?

A) the local government

B) consumers of house paint

C) the federal government

D) producers of house paint

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