Assume that the demand for coal is more elastic than the supply. A tax on coal will    a. increase the price of coal paid by buyers, and sellers bear a smaller burden of the tax    b. decrease the price of coal that sellers really get, and sellers have to bear a bigger burden of the tax   c. decrease the price of coal paid by buyers, and buyers have to bear a bigger burden of the tax   d. increase the price of coal that sellers really get, and buyers bear a smaller burden of the tax

Q: Figure 8-1 P PRICE & K L M N QUANTITY consumer surplus after the tax. Refer to Figure 8-1. Suppose…

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