Two MC Questiond

Which of the following is a correct statement about tax incidence? Consumers share less of the tax burden if the tax is imposed on producers rather than consumers. Consumers share more of the tax burden in the market as the supply curve becomes more inelastic Consumers share more of the tax burden in the market as the demand curve becomes more inelastic Consumers share more of the tax burden if the tax is imposed on consumers rather than producers Question 6 (1 point) Considering demand only (assuming all other factors including the supply, equilibrium price, equilibrium quantity, tax, etc. are the same), a tax on which of the following goods would result in a larger deadweight loss? Gasoline (price elasticity of demand = 0.5) medicine (price elasticity of demand = 0.4) restaurant meals (price elasticity of demand = 1.1) tobacco (price elasticity of demand = 0.7