Which is the most correct statement about the burden of a tax imposed on buyers of sugar?

Question

Quizplus · Accepted Answer

The burden of the tax on buyers and sellers is shared. When the tax is imposed, the price of sugar increases for buyers and the revenue received by sellers decreases. Both buyers and sellers will ultimately bear some of the burden of the tax. However, the exact proportion of the tax burden that each group bears will depend on the relative elasticities of demand and supply.

Which Is the Most Correct Statement About the Burden of a Tax