Answer: See explanation
Explanation:
You didn't give the options and I couldn't find the exact question online. Let me try help out.
Incidence of tax is the impact that a tax simply has on how the economic welfare are being distributed. It refers to how tax is being distributed between the producers and the buyers of a particular good. It should be noted that the tax burden is shared by the sellers depending on the elasticity of the said product.
For example, in a situation whereby a $2 tax is imposed on each good a producer produces, if the producer then pass the tax to the final consumers when he raised the price of the goods by $2, we can simply say that such good has a price inelastic as the entire burden falls on the consumer.
Also, assuming the producer can't increase prices because such good is price elastic, that is, there will be a greater change in the quantity of the goods demanded, the burden will be felt by the producer alone. Here, we can say that the tax incidence falls on the producer.
Explanation:
Wars might be caused because different cultures might think they are superior to others which could cause war.
Answer:
Is this statement true or false? Historians have determined that Harappa and Mohenjo Daro declined because of a drought, which caused a. Is this statement true or false? Historians have determined that Harappa and Mohenjo Daro declined because of a drought, which caused a food shortage. true false. Categories History. Leave a Reply Cancel reply.
Explanation:
Answer:I think the answer is C
