If a tax is physically paid by sellers, then sellers will always bear the full burden of the tax

Suppose a $1 tax is placed on the sellers of a good. The more elastic the supply of the good, the

The full burden of a tax on a durable asset in fixed supply is borne entirely by the owners at the time the tax is imosed. Future owners remit money to government but this cost is offset by a lower purchase price.

When a tax is placed on the buyers of a product, buyers payGroup of answer choicesmore and sellers receive more than they did before the tax.more and sellers receive less than they did before the tax.less and sellers receive more than they did before the tax.less and sellers receive less than they did before the tax.

If the demand for insulin is highly inelastic, then the burden of a tax on insulin will be borne almost entirely by sellers.

Assuming a unitary elastic demand and supply, a tax on the sellers of coffee will cause the price the buyer pays to and the price the seller receives to .