If Supply Is Relatively Inelastic When Compared with Demand in a Perfectly

Multiple Choice

If supply is relatively inelastic when compared with demand in a perfectly competitive market,:

A) consumers will share a larger burden of an excise tax than producers.
B) consumers and producers will share the burden of an excise tax equally.
C) producers will share a larger burden of an excise tax than consumers.
D) the incidence of the tax cannot be determined without more information.