Figure 4-20 Refer to Figure 4-20

Multiple Choice

Figure 4-20 Refer to Figure 4-20. As the figure is drawn, who sends the tax payments to the government?

A) the buyers
B) the sellers
C) A portion of the tax payments is sent by the buyers and the remaining portion is sent by the sellers.
D) The question of who sends the tax payments cannot be determined from the figure.