Which of the Following Rules Related to the Economic Tax

question 46

Multiple Choice

Which of the following rules related to the economic tax incidence is NOT true?

• A) The statutory burden generally does not describe who really bears the tax.
• B) If there are impediments to reducing wages,such as a minimum wage,firms are more likely to bear the burden of a tax on earnings.
• C) The incidence of taxation on producers and consumers is ultimately determined by the elasticities of supply and demand in most cases.
• D) When there are barriers to reaching the competitive market equilibrium,the side of the market on which the tax is levied does not matter.

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