indirect tax and elasticity

Question 1

PED>1 IT

Answer 1

consumer burden: lower
producer burden: higher
gov revenue: lower
perfectly elastic: all producer

Question 2

PED<1 IT

Answer 2

consumer burden: higher
producer burden: lower
government revenue: higher
0-all consumer

Question 3

PES>1 IT

Answer 3

consumer burden: higher
producer burden:lower
infinity: consumer total

Question 4

PES<1 IT

Answer 4

consumer burden:lower
producer burden: higher
0: producer takes all