Consider an excise tax imposed on daily parking charges in the downtown of a small city, Before the imposition of the tax equilibrium price and quantity are $15 and 100 cars parked. (P = $15. Q = 100). The city government imposes a tax of $3 per car parked per day. Market equilibrium adjusts to P = $18 and Q = 100 Which of the following statements about the burden of the tax it conecti Select one O A. The burden of the tax is shared equally by the seller and the conjumer Price elasticity of demand is 1 and therefore the entire burden of the box falls on the seller C. Elasticity of demand is 0 and therefore the entire burden of the tax fans on the consumer, D. Elasticity of supply is I and therefore the entire burden of the tax falls on the sellm OE Price elasticity of supply is O and therefore the entire burden of the tax falls on the consumer