Question: True, False, or Uncertain? Explain. a. A tax imposed on a good with zero elasticity of demand has a large excess burden. b. A tax

True, False, or Uncertain? Explain.
a. A tax imposed on a good with zero elasticity of demand has a large excess burden.
b. A tax imposed on a good with zero elasticity of supply has no excess burden.
c. A tax imposed on a good with a large elasticity of demand has a small excess burden.
d. A tax imposed on a good with a large elasticity of supply has a large excess burden.

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