Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?
I. Buyers bear the majority of the tax burden if the tax is originally imposed on buyers.
II. Buyers bear the majority of the tax burden if the tax is originally imposed on sellers.
III. Buyers and sellers will always bear equal amounts of the tax burden.
IV. Buyers and sellers will jointly bear the tax.

A) I only
B) II only
C) III only
D) IV only