2. Assume instead that the government imposes an excise tax on consumers. How will the tax affect each of the following? a) The demand curve b) Quantity sold in the market c) The price the consumer pays d) The price the supplier receives e) Government revenue 3. Fill in the blank with inelastic or elastic. Firms bear more of the burden of an excise tax as supply becomes more Consumers bear more of the tax burden of an excise tax as demand becomes more 4. Explain how the incidence of a tax can differ from who pay the tax to the government