Multiple Choice
If a $5,000 property tax is placed legally (statutorily) on the buyers of new automobiles and as a result the price of automobiles at dealerships rises by $2,000, the actual burden of the tax
A) falls completely on automobile buyers.
B) falls completely on automobile sellers.
C) is $2,000 on automobile buyers and $3,000 on sellers.
D) is $3,000 on automobile buyers and $2,000 on sellers.
Correct Answer:

Verified
Correct Answer:
Verified
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