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34. Market demand is given by Qd = 110 - SP and market supply is given by GS = 4P + 40. Which statement is

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34. Market demand is given by Qd = 110 - SP and market supply is given by GS = 4P + 40. Which statement is correct? a. Consumers bear the larger burden of any per unit sales tax. b. Producers bear the larger burden of any per unit sales tax. 0. Consumers and producers equally split the burden of any per unit sales tax. d. Consumers bear the larger burden of a per unit sales tax only if the tax is levied on consumers

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