Answer is given 1. i think it's 3. kindly confirm.

Anushka, you are absolutely right. As far as the answer is option 1. We can easily prove that answer wrong by following logic. Because if the demand is perfectly elastic, it means ...

When the demand is inelastic and supply is elastic then burden of paying tax will be less on producer and when the supply is inelastic and demand is elastic then the burden of pay...