A. the tax burden falls most heavily on the buyers.
B. the buyers bear the burden of the tax.
C. the sellers bear the burden of the tax.
D. the tax burden on the buyers and sellers in the same as an equivalent tax collected from the sellers.
Related MCQs:
Which side of the market is more likely to lobby government for a price floor?- Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?
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- Within the supply and demand model, a tax collected from the sellers of a good shift the ?
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