At the Equilibrium Price of $10, the Elasticity of Demand

Multiple Choice

At the equilibrium price of $10, the elasticity of demand and supply are -0.9 and 1.10. If the government institutes a tax of $1 per unit, sellers will receive _____ and consumers will pay _____.

A) $9.55; $10.55
B) $10.25; $11.25
C) $9.80; $10.80
D) $9.75; $10.75