Which one(s) did i answer incorectly?a. Identify whether the statements about the economics of taxes are. a. trueb. false b. The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. a. trueb. falsec. When demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers. a. trueb. falsed. When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. a. trueb. falsee. An excise tax can distort incentives and create missed opportunities for mutually beneficial transactions. a. trueb. false

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls