If the Government Wants to Raise Tax Revenue and Shift

Multiple Choice

If the government wants to raise tax revenue and shift most of the tax burden to the consumers, it would impose a tax on a good with a

A) flat (elastic) demand curve and a steep (inelastic) supply curve.
B) steep (inelastic) demand curve and a flat (elastic) supply curve.
C) steep (inelastic) demand curve and steep (inelastic) demand curve.
D) flat (elastic) demand curve and a flat (elastic) supply curve.