The Burden of a Tax Placed on Buyers Is

question 118

Multiple Choice

The burden of a tax placed on buyers is:

• A) shared between buyers and sellers.
• B) the buyers' incidence.
• C) the sellers' incidence.
• D) higher if the tax is placed on buyers.

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Definitions:

Psychological Disorders

Mental health conditions characterized by changes in mood, behavior, and cognitive functions that disrupt a person's daily life.

Efficiency

The ability to accomplish a task or produce a desired outcome with minimum waste of time, resources, or effort.

Available Resources

The total assets, financial, human, or material, that are currently accessible for use in achieving goals or completing projects.

Output

Output refers to the goods or services produced by a business, system, or process within a given period.