Identify whether the statements about the economics of taxes are true or false. a. An excise tax can distort incentives and create missed opportunities for mutually beneficial transactions.    b. When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers.    c. When demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers.    d. The incidence of a tax is determined by which group – buyers or sellers – must actually pay the gov

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