Tax Incidence

question 106

Multiple Choice

Tax incidence:

• A) depends on the relative elasticity of the supply and demand curves in a market.
• B) depends on whether it is a buyers tax or sellers tax that is being imposed.
• C) depends on the amount of tax revenue generated once administrative burdens are taken into account.
• D) depends on whether the tax revenue is greater than the deadweight loss caused by the tax.

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Transactions

the exchange of goods, services, or funds between two or more parties.

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To keep something in its existing state or condition, ensuring its preservation or continuation over time.

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