Answer:
The answer is C.
Explanation:
Tax incidence can also be termed as tax burden. It is the distribution of a particular tax burden on either the producers or consumers or both. It helps to know the impact that the tax levied has on the producers or the consumers.
Tax incidence depends on the elasticity of demand and supply also. When supply is more elastic than demand, consumers feel the impact more and when demand is more elastic than supply, producers feel the impact more.