The demand for bottled water is relatively inelastic compared to the supply. If the government decides to tax producers of bottled water, which of the following do you think will occur? (specifically, assume the supply curve is flatter than the demand curve) Group of answer choices All of the tax will paid by by the producer The majority of the tax will be paid by the producer The majority of the tax will be paid by the consumer All of the tax will be passed on to the consumer