shifted completely on the consumer
completely borne by the supplier
dividend in the ratio 60;40 between the consumer and the supplier
divided half-and-half between the producer and the consumer
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option B is correct.
there is a difference between inelastic supply and inelastic demand
When a tax is introduced in a market with an inelastic supply—such as, for example, beachfront hotels—sellers have no choice but to accept lower prices for their business. Taxes do not greatly affect the equilibrium quantity. The tax burden in this case is on the sell
In the case of a commodity with perfectly inelastic demand, consumers are willing to pay any price for it, so an increase in tax on this commodity will be passed entirely onto the consumer. Therefore, the incidence of the tax will be on the consumer.
while supply is borne on the supplier.
