Business, 16.12.2019 21:31, Lesquirrel

Among the tax proposals regularly considered by congress is an additional tax on distilled liquors. the tax would not apply to beer. the price elasticity of supply of liquor is 3.53.5, and the price elasticity of demand is negative 0.4−0.4. the cross-elasticity of demand for beer with respect to the price of liquor is 0.1. if the new tax is imposed, who will bear the greater burdenlong dash—liquor suppliers or liquor consumers? liquor consumers pay nothing percent and liquor suppliers pay nothing percent of the tax. (enter your responses rounded to one decimal place.)

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Among the tax proposals regularly considered by congress is an additional tax on distilled liquors....