The Incidence of a Tax Depends On

question 46

Multiple Choice

The incidence of a tax depends on:

• A)whom the tax is levied upon.
• B)the relative elasticities of supply and demand.
• C)the elasticity of government revenues.
• D)the income elasticity of demand for the product.

---

Definitions:

Important Asset

A valuable resource owned by a person or company, regarded as being critical for achieving success or meeting objectives.

Employers

Entities or individuals who hire people to perform services or work in exchange for compensation.

Decision

A choice between alternative courses of action.

Action Plan

A detailed proposal for doing or achieving something, outlining tasks, timelines, and resources.