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Please help me solve and help me correct my mistakes , to understand . What need to be calculated... Q Attempt2 ' Identify whether the

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Please help me solve and help me correct my mistakes , to understand . What need to be calculated...

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Q Attempt2 ' Identify whether the statements about the economics of [axes are true or false. The incidence of a tax is determined by which group (buyers or sellers) [] A must actually pay the government. When demand is inelastic and supply is elastic, the burden ofa tax falls mainly on producers. When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. An excise tax can distort incentives and create missed opportunities for mutually benecial u'ansactions. Answer Bank InturrEd The table below shows the demand schedules for HoustonLas Vegas airplane tickets. The center column shows the demand schedule of passengers on business trips, and the right column shows the demand schedule of passengers on vacation trips. Price Quantity demanded for Quantity demanded for ($ per business trips vacation trips ti that) (thousands of tickets per (thousands of tickets per year) year} $273 375 790 $283 371 681 $293 367 479 Suppose that the price charged by airlines is currently $233. If airlines want to increase their revenue. what would be their best option? 0 to charge $293 to vacationers and $273 to business travelers. O to charge $283 to both vacationers and business travelers. O to charge $273 to vacationers and $293 to business travelers. O to charge $273 to both vacationers and business travelers. O to charge $293 to both vacationers and business travelers

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