A local government is seeking to impose a specific tax on distilled liquors. The price elasticity of supply of distilled liquors is 4, and the price elasticity of demand is -0.3. If the new tax is...

Extracted text: A local government is seeking to impose a specific tax on distilled liquors. The price elasticity of supply of distilled liquors is 4, and the price elasticity of demand is -0.3. If the new tax is imposed, who will bear the greater burden-liquor suppliers or liquor consumers? The liquor consumers paypercent and liquor suppliers payO percent of the tax. (Enter your responses rounded to one decimal place.)