hich of the following statements about tax incidence and relative elasticities is true? if demand is relatively inelastic and supply is relatively elastic, then consumers bear more of the burden of a tax. if supply is perfectly inelastic, then producers bear none of the burden of a tax, no matter what the value of own-price elasticity of demand. if the relative elasticities of demand and supply are the same, the tax burden is shared equally across consumers and producers.
