When a tax is collected from the buyers in a market,. a. the tax burden falls most heavily on the buyersb. the buyers bear the burden of the taxc. the sellers bear the burden of the taxd. the tax burden on the buyers and sellers is the same as an equivalent tax collected from the sellers

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 5QR
Question
When a tax is collected from the buyers in a market,.
a. the tax burden falls most
heavily on the buyersb. the buyers bear the burden of the taxc. the sellers bear the burden
of the taxd. the tax burden on the buyers and sellers is the same as an equivalent tax
collected from the sellers
Transcribed Image Text:When a tax is collected from the buyers in a market,. a. the tax burden falls most heavily on the buyersb. the buyers bear the burden of the taxc. the sellers bear the burden of the taxd. the tax burden on the buyers and sellers is the same as an equivalent tax collected from the sellers
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