Question: Suppose that both the demand and supply of a good are elastic. A $ 1 0 tax on that goodwill.Select one:O a . Cause price

Suppose that both the demand and supply of a good are elastic. A $10 tax on that goodwill.Select one:O a.Cause price demanders pay to rise by $10. Cause producer surplus to rise.Ob.Cause price demanders pay to rise by less than $10. Cause producer surplus torise.O c.Cause price demanders pay to rise by $10. Cause producer surplus to fall.O d.Cause price demanders pay to rise by less than $10. Cause producer surplus tofall.

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