A government decides to impose a tax on a good. Under which price elasticity conditions would most of the tax be borne by the consumer?
- Ademand elasticity: elastic; supply elasticity: elastic
- Bdemand elasticity: elastic; supply elasticity: inelastic
- Cdemand elasticity: inelastic; supply elasticity: elastic
- Ddemand elasticity: inelastic; supply elasticity: inelastic