Suppose the government imposes an excise tax of $10 per unit on bicycles. Suppose further that sellers bear 45 percent of the burden of the tax. Which of the following can be concludedwith certainty?

Select one:

A.The supply of bicycles is price elastic.

B.The supply of bicycles is price inelastic.

C.The demand for bicycles is relatively more price inelastic than the supply is.

D.The demand for bicycles is relatively more price elastic than the supply is.