Time left 0:. 21) The elasticity of demand for potato chips is 0.6 and the elasticity of supply for these chips is 1.9. If a tax were imposed on purchases of potato chips, then the O a. consumers...

Extracted text: Time left 0:. 21) The elasticity of demand for potato chips is 0.6 and the elasticity of supply for these chips is 1.9. If a tax were imposed on purchases of potato chips, then the O a. consumers would pay more of the tax. O b. the producers would pay more of the tax. C. the tax would be equally shared by the consumers and the producers. O d. the consumers would pay the entire tax because their demand is less elastic than the producers' supply. Clear my choice age Next page