Suppose the government applies a specic tax to a good where the demand elasticity, a, is 0.8, and the supply elasticity, 'r], is 1.4. This good would be an ideal good for the government to tax since demand is O A. elastic and would not raise much revenue. 0 B. inelastic and would not raise much revenue. 0 C. elastic and would raise much revenue. 0 D. inelastic and would raise much revenue. The tax incidence on consumers is El percent (enter your response as a percent rounded to one decimal place)