The demand for pastries slopes downward and the supply of pastries slopes upward. Suppose that the demanders ofpastries are less elastic than the suppliers of pastries. If the government levies a tax on the suppliers of pastries then...а.The tax burden is entirely borne by demanders.O b. Most of the tax burden is on demanders but suppliers do bear some of the tax burden.c. The tax burden is entirely born by suppliers.O d. Most of the tax burden is on suppliers but demanders do bear some of the tax burden.

Elasticity measures how responsive is quantity to changes in price level.

The demand for pastries slopes downward and the supply of pastries slopes upward. Suppose that the demanders of pastries are less elastic than the suppliers of pastries. If the government levies a tax on the suppliers of pastries then... O a. The tax burden is entirely borne by demanders. O b. Most of the tax burden is on demanders but suppliers do bear some of the tax burden. С. The tax burden is entirely born by suppliers. O d. Most of the tax burden is on suppliers but demanders do bear some of the tax burden.

The demand for pastries slopes downward and the supply of pastries slopes upward. Suppose that the demanders of pastries are less elastic than the suppliers of pastries. If the government levies a tax on the suppliers of pastries then... O a. The tax burden is entirely borne by demanders. O b. Most of the tax burden is on demanders but suppliers do bear some of the tax burden. С. The tax burden is entirely born by suppliers. O d. Most of the tax burden is on suppliers but demanders do bear some of the tax burden.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Was able to get the first two, but having trouble figure out the answers to one decimal place on the following:
Can you explain why am I answer is wrong and what the correct one is.