When a Tax on a Good Is Enacted

question 130

Multiple Choice

When a tax on a good is enacted:

• A)buyers always bear the full burden of the tax
• B)sellers always bear the full burden of the tax
• C)buyers and sellers share the burden of the tax regardless of whom it is levied on
• D)sellers bear the full burden if the tax is levied on them, but buyers bear the full burden if the tax is levied on them

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Definitions:

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