3. For each of the following, choose whether the scenario is more consistent with an elastic (relatively flat) or inelastic (relatively steep) demand curve. Elastic/Inelastic Consumer tax burden is larger than producer tax burden A $30 per unit tax leads to a $10 price increase A tax on sellers causes the equilibrium quantity to decrease by a large amount A $1 per unit tax leads to a 70 cent price increase The deadweight loss created from a tax is relatively small