If a $500 tax is placed legally (statutorily) on the buyers of new couches and as a result the price of couches at stores rises by $200, the actual burden of the tax

a. falls completely on couch buyers.
b. falls completely on couch sellers.
c. is $200 on couch buyers and $300 on sellers.
d. is $300 on couch buyers and $200 on sellers.


C

Economics

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