Which of the Following Is True

Multiple Choice

Which of the following is true?
i.A tax on buyers has the same effect as the same sized tax on sellers.
ii.The more elastic the demand,the larger is the share of the tax paid by the buyers.
iii.The U.S.income tax is regressive.

A) only i
B) only ii
C) only iii
D) ii and iii
E) i and ii