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The government can choose between taxing buyers of grapes at $1.00 per pound or taxing the sellers of grapes at $1.00 per pound. Which of

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The government can choose between taxing buyers of grapes at $1.00 per pound or taxing the sellers of grapes at $1.00 per pound. Which of the following statements is TRUE? I. The choice most beneficial to buyers is placing the $1.00 tax on sellers. II. The choice most beneficial to sellers is placing the $1.00 tax on buyers. III. Either choice will have the same effect on both buyers and sellers. O III only I and II only O I only O II only

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