Suppose buyers of wine are required to send $1.00 to the government for every bottle of wine they buy. Further, suppose this tax causes the effective price received by sellers of wine to fall by $3.00 per bottle. Which of the following statements is correct?
a. This tax causes the demand curve for wine to shift downward by $1.00 at each quantity of wine.
b. The price paid by buyers is $0.50 per bottle more than it was before the tax.
c. Sixty percent of the burden of the tax falls on sellers.
d. All of the above are correct.