Question

If a tax is levied on the sellers of flour, then

Group of answer choices

the government will bear the entire burden of the tax.

buyers and sellers will share the burden of the tax.

sellers will bear the entire burden of the tax.

buyers will bear the entire burden of the tax.

Answer 1

Ans) the correct option is b) buyers and sellers will share the burden of the tax.

Whether the tax is imposed on buyer or seller, the tax burden will be borne by both.