1) A tax on sellers shifts the curve to the A) Supply; left B) Supply; right C) Demand; left D) Demand; right 2) Buyers bear a smaller incidence of the tax when: A) The tax is higher B) Supply is more elastic than demand C) Demand is more elastic than supply D) Demand is perfectly inelastic 3) In the graph shown here, the upward-sloping light 10 gray line is the initial supply curve. The upward- sloping dark red line is the new supply curve. This graph shows the effect of a: Supply A) $2 per unit tax on sellers B) $2 per unit tax on buyers C) $2 per unit subsidy to sellers Price ($ per bushel of corn) D) $8 per unit tax on sellers Demand N 0 12 16 20 24 28 32 36 40 44 48 52 56 60 Quantity of corn (billion of bushels)