Which one(s) did i answer incorectly? identify whether the following statements about the economics of taxes are true or false by dragging anddropping the relevant into the bins provided. the incidence of a tax is determined by which group (buyers or sellers) must write the falsecheck to the government. when the price elasticity of demand is low and the price elasticity of supply is high, the falseburden of a tax falls mainly on producers. the effect of an excise (or commodity) tax on the equilibrium price is the same trueregardless of who the tax is levied upon. when the price elasticity of demand is high and the price elasticity of supply is low, the falseburden of a tax falls mainly on consumers. an excise tax can distort incentives and create missed opportunities for mutually truebeneficial transactions. true false incorrect. if the tax is imposed on suppliers, the equilibrium price increases, if the tax is imposedon consumers, the equilibrium price decreases. it is the equilibrium quantity that is unaffected bywho is asked to pay the tax.