Multiple Choice
Which of the following statements is correct regarding the imposition of a tax on gasoline?
A) The incidence of the tax always falls on the buyer.
B) The incidence of the tax depends upon the price elasticities of demand and supply.
C) The incidence of the tax always falls on the sellers.
D) The oil company will ultimately pay.
Correct Answer:
Verified
Correct Answer:
Verified
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