Assume the market for bagels is in S&D equilibrium, the supply of bagels is upward-sloping, and the demand for bagels is downward-sloping. A new tax of $1 per bagel is assessed on consumers. As a result of the tax, the price consumers pay for bagels will
a) rise by more than $1
b) rise by less than $1.
c) rise by exactly $1.
d) fall if demand is elastic
e) There is not enough information to determine.