Which of the following are true in case of Ramsey Rule for efficient taxation-

A. Tax rate should be higher on the good that has lower price elasticity of demand.

B. If the demand elasticity in a market is zero, taxes should be imposed only in that markets.

C. Ramsey rule applies to taxation of goods, but not to taxation of income.

D. Ramsey rule minimises the excess burden of taxation across markets.

E. Ramsey rule does not necessarily result in social justice.

Choose the most appropriate answer from the option given below: