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

Question

Quizplus · Accepted Answer

When a tax is imposed on buyers of popcorn, the price of popcorn increases. This means that buyers will have to pay more for the same quantity of popcorn than they would without the tax. However, sellers may also be affected by this tax. Since the demand for popcorn may decrease due to the higher price, sellers may have to lower the price to attract buyers. Therefore, both buyers and sellers share the burden of the tax. The amount of the burden each group bears depends on the elasticity of demand and supply.

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