Figure 6-13 -Refer to Figure 6-13. How Is the Burden of the the Burden

Multiple Choice

Figure 6-13

-Refer to Figure 6-13. How is the burden of the tax shared between buyers and sellers? Buyers bear

A) three-fourths of the burden, and sellers bear one-fourth of the burden.
B) two-thirds of the burden, and sellers bear one-third of the burden.
C) one-half of the burden, and sellers bear one-half of the burden.
D) one-fourth of the burden, and sellers bear three-fourths of the burden.