105 Refer to Figure +. suppose the government mimiposes a tax Of $0.60 pel SOIL WITH PUTCIESell, Given the change in total expenditure on soft drinks after imposition of the excise tax, what do we know about the price elasticity of demarfor( soft drinks? A) is equal to 1 B) is equal to 0 C) is greater than 1 D) is less than 1 E) There is not enough information to determine 104)Refer to Figure 4-4. Suppose the government imposes a tax of $0.60 per soft drink purchased. Which of the following statements most accurately describes the economic incidence of this tax? A) The consumer bears more of the burden because demand is elastic relative to supply