Identify whether the statements about the economics of taxes are true or false. the incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. when demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers. when demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. an excise tax can distort incentives and create missed opportunities for mutually beneficial transactions.

i mean they dont have to

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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