In the market for tomatoes, assume the market demand is perfectly inelastic and the market supply is inelastic. If a tax is placed on the suppliers in this market, how will the tax burden be distributed? a. Consumers will bear a greater burden of the tax, but not all the tax.
b. Consumers and producers will bear the tax burden equally
c. Producers will bear all the tax Consumers will bear all the tax
d. Producers will bear a greater burden of the tax, but not all of the tax.

Acompany recently announced that it would be going public. the usual suspects, morgan stanley, jpmorgan chase, and goldman sachs will be the lead underwriters. the value of the company has been estimated to range from a low of $5billion to a high of $100billion, with $45billion being the most likely value. if there is a 20% chance that the price will be at the low end, a 10% chance that the price will be at the high end, and a 70% chance that the price will be in the middle, what value should the owner expect the company to price at?