Multiple Choice
If a $500 tax is placed legally (statutorily) on the buyers of new couches and as a result the price of couches at stores rises by $200, the actual burden of the tax
A) falls completely on couch buyers.
B) falls completely on couch sellers.
C) is $200 on couch buyers and $300 on sellers.
D) is $300 on couch buyers and $200 on sellers.
Correct Answer:
Verified
Correct Answer:
Verified
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