Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?
I. A $0.50 tax on each fishing lure sold raises the price per lure by $0.50.
II. A tax on sellers is equivalent to a tax on buyers.
III. A tax on buyers is analyzed by shifting the demand curve up by the amount of the tax.

A) I and II only
B) II and III only
C) II only
D) I, II, and III