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Question 2 Full explain this question D Question 49 If supply is perfectly inelastic and demand is relatively elastic, the tax burden falls primarily on

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D Question 49 If supply is perfectly inelastic and demand is relatively elastic, the tax burden falls primarily on consumers. is shared evenly by consumers and producers. O falls entirely on producers. O falls entirely on consumers. Show Transcribed Text J C D Question 48 If the price of a product falls by 15% and the quantity supplied falls by 25%, the elasticity of supply is O 0.40. O 0.10. 10.00. 1.67. Show Transcribed Text

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