Problem
Calculate the percentage of the tax borne by the demander and supplier in each of the following cases:
a. ED = 0.3, ES = 1.2
b. ED = 3, ES = 2
c. ED = 0.5, ES = 1
d. ED = 0.5, ES = 0.5
e. Summarize your findings regarding relative elasticity and tax burden.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.