The Figure Given Below Shows the Demand Curve in the U.S

The figure given below shows the demand curve in the U.S. and the cost curves in U.S. and India.Figure: 16.4
In the figure:
MC: Marginal cost curve
ATC: Average total cost curve
D: Demand curve in the U.S.MR: Marginal revenue curve in the U.S.
-The burden of a tax is mainly borne by the buyer if:

A) the supply of the good is perfectly price elastic.
B) the supply of the good is relatively price elastic.
C) the demand for the good is relatively price elastic.
D) the demand for the good is relatively price inelastic.
E) the demand for the good is perfectly price elastic.

Correct Answer:

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