Figure 6-21 -Refer to Figure 6-21.How Is the Burden of the Tax

Multiple Choice

Figure 6-21
-Refer to Figure 6-21.How is the burden of the tax shared between buyers and sellers? Buyers bear

A) three-fourths of the burden,and sellers bear one-fourth of the burden.
B) two-thirds of the burden,and sellers bear one-third of the burden.
C) one-half of the burden,and sellers bear one-half of the burden.
D) one-fourth of the burden,and sellers bear three-fourths of the burden.