Q
When a tax is collected from the buyers in a market, ?
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A
A. The tax burden falls most heavily on the buyers.
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B
B. The buyers bear the burden of the tax
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C
C. The sellers bear the burden of the tax
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D
D. The tax burden on the buyers and sellers in the same as an equivalent tax collected from the sellers
Correct Answer:
D. D. The tax burden on the buyers and sellers in the same as an equivalent tax collected from the sellers
