Answer
D
Work Step by Step
The burden of tax falls in both buyer and seller. It doesn't matter on who the tax is levied, both will bear the consequences.
Principles of Macroeconomics 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
1-28516-591-8
ISBN 13:
978-1-28516-591-2
Chapter 6 - Supply, Demand, and Government Policies - Quick Check Multiple Choice - Page 130: 6
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