Problem 5. Consider the market for canned goods and answer the following questions:

(a) If this market has very inelastic supply and very elastic demand, how would the burden of a tax on canned goods be shared between consumers and producers?

(b) If this market has very elastic supply and very inelastic demand, how would the burden of a tax on canned goods be shared between consumers and producers? Contrast your answer with your answer in part A.