Indirect tax and elasticity

Question 1

When PED is elastic , what happens to Consumer and Producer burden + GOVT revenue when indirect taxes are implemented ?

Answer 1

Consumer Burden = Lower
Producer Burden = Higher
GOVT Revenue = Lower

Question 2

When PED is Inelastic , what happens to Consumer and Producer burden + GOVT revenue when indirect taxes are implemented ?

Answer 2

Consumer burden = Higher
Producer burden = Lower
GOVT Revenue = Higher

Question 3

When PES is elastic , what happens to consumer burden and producer burden when indirect taxes are implemented ?

Answer 3

Consumer Burden = Higher
Producer Burden = Lower

Question 4

When PES is inelastic , what happens to consumer and producer burden when indirect taxes are implemented ?

Answer 4

Consumer Burden = Lower
Producer Burden = Higher