Sund Corporation bases its budgets on the activity measure “customers served”. During April, the company plans to serve 38,000 customers. The company had provided the following data concerning the formulas it uses in its budgeting: Prepare the company’s planning budget for April. What is the net operating income?

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.