Explain how and why the relative tax burdens on consumers and producers would be different for the following taxes: A tax on all beverages; a tax on...

Explain how and why the relative tax burdens on consumers and producers would be different for the following taxes: A tax on all beverages; a tax on coffee; a tax on dark roast espresso. You can assume that the elasticity of supply does not change across the different beverage markets.

The relative tax burden borne by the consumers and producers depends on the elasticity of theirdemand and supply curves. It is not necessary that the burden of a tax will be shared equallybetween...