When a Tax on a Good Is Enacted

Multiple Choice

When a tax on a good is enacted,

A) buyers and sellers share the burden of the tax regardless of whether the tax is levied on buyers or on sellers.
B) buyers always bear the full burden of the tax.
C) sellers always bear the full burden of the tax.
D) sellers bear the full burden of the tax if the tax is levied on them;buyers bear the full burden of the tax if the tax is levied on them.