Question

It is argued that “Elasticity of demand and supply curves determines who bears the tax
burden regardless of whether a tax was imposed on consumers or producers” Justify by
explainingwhobears the tax burden when;
a)Both demand and supply curves have their normal shapes and tax is imposed on consumers
b)Thesupplycurveisperfectelasticandtaxis imposed on consumers
c)The supply curve is perfect in elastic and tax is imposed on producers