The Cost of taxation e how do taxes affect the economic well eing of market participants? b o It does not matter whether a tax on a good is levied on buyers or sellers of the good the price paid by buyers rises, and the price received by sellers fallsThe Cost of Taxation • How do taxes affect the economic well￾being of market participants? • It does not matter whether a tax on a good is levied on buyers or sellers of the good… the price paid by buyers rises, and the price received by sellers falls