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Figure 6-12 Price S + tax 2.20 - 2.00 - 100 Quantity Refer to Figure 6-12. In this market, only one group bears the burden

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Figure 6-12 Price S + tax 2.20 - 2.00 - 100 Quantity Refer to Figure 6-12. In this market, only one group bears the burden of the tax. Who is the group that bears the tax burden? Sellers bear the entire tax burden because supply is elastic. O Buyers bear the entire tax burden because supply is perfectly inelastic. Buyers bear the entire tax burden because demand is perfectly inelastic. O Sellers bear the entire tax burden because demand is perfectly inelastic

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