Consider the following statements$\mathrm{.}1)$ Increasing tax rates will always increase tax revenues.I$)$ It does not matter whether a tax is levied on demanders or suppliers. The tax burden isalways identical.Select one:O a$.$Statement I is true but statement I is false.O b$.$ Both statements are false.O c$.$Statement Il is true but statement I is false.O d$.$ Both statements are true.