Suppose a Tax Is Imposed on the Buyers of Fast-Food

Multiple Choice

Suppose a tax is imposed on the buyers of fast-food hamburgers.The burden of the tax will

A) fall entirely on the buyers of fast-food hamburgers.
B) fall entirely on the sellers of fast-food hamburgers.
C) be shared equally by the buyers and sellers of fast-food hamburgers.
D) be shared by the buyers and sellers of fast-food hamburgers, but not necessarily equally.