All else equal if demand is relatively elastic and supply is

All else equal, if demand is relatively elastic and supply is relatively inelastic, a tax on a product will cause:

Select one:

a. buyers to bear a larger portion of the tax burden.

b. sellers to bear a larger portion of the tax burden.

c. buyers and sellers to share the tax burden equally.

d. It is impossible to tell from this information who will bear the greater tax burden.

Solution

The larger burden of tax will fall on sellers.

Since supply is relatively inelastic and  demand is relatively elastic,buyers can change demand more frequently with tax but suppliers cant since their supply is elastic.

So most of the burden will fall on seller.