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
explaining who bears the tax burden when;
a)The demand curve is perfect elastic and tax isimposed on producers
b)The demand curve is perfect inelastic and tax is imposed on consumers
c) Both demand and supply curves have their normal shapes and tax is imposed on consumers
d)The supply curve is perfect elastic and tax is imposed on consumers
e)The supply curve is perfect inelastic and tax is imposed on producers