explain the difference between these two answers, this is question 1, correct answers A and D 1. (Worth 1 quiz point) The uncompensated market supply of labor is perfectly inelastic. However, the income effect of tax-induced wage changes are believed to be substantial. It then follows that a tax on labor income will: Select all suggested answers that are true. (Must select both correct answers and no more to earn the quiz point.) A) have zero excess burden in the labor market. B) be paid entirely by employers as a reduction in net wages. C) have positive excess burden in the labor market. D) be paid entirely by workers as a reduction in net wages and question 2 with correct answers B and C, The market supply of labor is perfectly inelastic. However, the income effect of tax-induced wage changes are believed to be substantial. It then follows that a tax on labor income will: a. have zero excess burden. b. have positive excess burden. c. be paid entirely by workers as a reduction in net wages. d. both (b) and (c) are correct