Tax incidence refers to

a. Boston Tea Party

b. “flat tax” movement

c. division of the tax burden between buyers and sellers

d. division of the tax burden between sales taxes and income taxes

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Romarie Khazandra MarijuanLv10

27 Jan 2021

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Related questions

If a tax is imposed on a market with inelastic demand and elastic supply, then the burden of the tax will be shared equally

a) between buyers and sellers.

b) buyers will bear most of the burden of the tax.

c) sellers will bear most of the burden of the tax.

d) it is impossible to determine how the burden of the tax will be shared.

silverraccoon818

5. If the government decides to levy a small excise tax on the buyers la perfectly competitive market in which the demand is perfectly elastic and supply curve is positively sloped, then we can conclude that: (A) The buyers will bear all of the tax, and there will be some excess burden. (B) The sellers will bear all of the tax, and there will be some excess burden. TC) The tax burden will be shared. The buyers will bear more of the tax than sellers, and there will be some excess burden. (D) The tax burden will be shared. The sellers will bear more of the tax than buyers, and there will be some excess burden. (E) The buyers will bear all of the tax, and there will be no excess burden. (F) The sellers will bear all of the tax, and there will be no excess burden. (G) The tax burden will be shared. The buyers will bear more of the tax than sellers, and there will be no excess burden. (H) The tax burden will be shared. The sellers will bear more of the tax than buyers, and there will be no excess burden. (1) The buyers will bear all of the tax, and they will also bear the excess burden. (J) none of the above

If the government increases the tax on a good then the price paid by buyers will ______________ and the price sellers receive will _________________.

increase; increase

increase; decrease

decrease; increase

d. decrease; decrease

________________________________________________________

It doesn't matter whether a tax is levied on the buyers or sellers of a good because _____________.

	a.	sellers always bear the full burden of the tax
	b.	buyers always bear the full burden of the tax
	c.	buyers and sellers will share the burden of the tax
		d. neither buyers nor sellers will be burdened with the tax. ____________________________________________