If a tax is imposed on the buyers of raw honey,who will bear the burden of the tax

Question

Quizplus · Accepted Answer

When a tax is imposed on buyers of raw honey, the price of the honey increases for buyers. As a result, some buyers may choose not to purchase honey, which reduces demand. On the other hand, the sellers may choose to reduce the supply because the profit they made will be reduced due to the tax. Therefore, both buyers and sellers share the burden of the tax.

If a Tax Is Imposed on the Buyers of Raw