True, False, or Uncertain? Explain.
a. A tax imposed on a good with relatively inelastic demand is borne primarily by the consumer.
b. A tax imposed on a good with relatively elastic supply is borne primarily by the producer.
c. A tax imposed on a good with zero elasticity of demand is borne entirely by the producer.
d. A tax imposed on a good with zero elasticity of supply is borne entirely by the producer.
e. A tax imposed on a monopolist is borne entirely by the consumers of the product.
f. A tax imposed on a good with relatively inelastic demand will be effective in reducing the quantity of the good produced and consumed.
g. A tax imposed on a good with relatively elastic supply will be opposed more vigorously by industry lobbyists than by consumer advocates.