(Multiple Choice Question)

If buyers pay a bigger portion on an excise of a tax than do the sellers, what can you conclude?

a) Demand is more elastic than supply.

b) Supply is more elastic than demand.

c) the amount of tax revenue collected by the government is definitely smaller than the case where sellers pay a bigger portion of the tax.

d) the equilibrium price paid by buyers rises by less than half the amount of the tax.