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Hi expert detailed discussion answer needed please provide the link for word file too needed in word form. Thank you Questiol': Applying the Supply and

Hi expert detailed discussion answer needed please provide the link for word file too needed in word form. Thank you

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Questiol': Applying the Supply and Demand Suppose the government want to apply a specic tax to bottled water. Now, there are two values : -0.1 and 1.7. One of them is the value for the demand elasticity; the other one is for the supply elasticity. (1) Based on your knowledge of bottled water, pair the values to the elasticities with your explanation. (2) As a rational buyer, who do you want this tax to be borne by, buyers or sellers? Explain your answer. (3) What impact will this tax have on the seller's revenue? (4) How much is the tax incidence on buyers (in percentage)

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