The Burden of a Tax Will Fall Primarily on Buyers

Multiple Choice

The burden of a tax will fall primarily on buyers when the

A) demand for the product is highly inelastic and the supply is relatively elastic.
B) demand for the product is highly elastic and the supply is relatively inelastic.
C) tax is legally (statutorily) imposed on the seller of the product.
D) tax is legally (statutorily) imposed on the buyer of the product.