Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: Tax Incidence
-(Figure: Tax Incidence) Look at the figure Tax Incidence. All other things unchanged, when a good or service is characterized by a relatively elastic demand, as shown in panel _____, the greater share of the burden of an excise tax on it is borne by _____.

A) D; buyers
B) D; sellers
C) C; sellers
D) C; buyers