Question

22. Now suppose that the government alters its policy so that the $24 per unit tax is now placed on the sellers of widgets instead of on the buyers. Economic theory tells us the following: A) the buyers' share and the sellers' share are reversed by the change in policy By the buyers' share and the sellers' share are not affected by the change in policy Cythe shares are affected by the change in policy, but exactly how depends on the elasticities D) the shares are affected by the change in policy, but exactly how depends on excess demand E) the shares are affected by the change in policy, but exactly how depends on excess supply F) the shares are affected by the change in policy, but exactly how depends on utility G) none of the above