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Dimas [21]
2 years ago
6

The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. When demand is inelast

ic and supply is elastic, the burden of a tax falls mainly on producers. When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. An excise tax can distort incentives and create missed opportunities for mutually beneficial transactions.
Business
1 answer:
Bezzdna [24]2 years ago
5 0

Answer:

The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. FALSE, the real effect of taxes is measured by the price elasticity of the demand and the supply.

When demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers. FALSE, when the price elasticity of demand is inelastic and the price elasticity of supply is elastic, the burden of tax falls mainly on the consumers.

When demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. FALSE, when the price elasticity of demand is elastic and the price elasticity of supply is inelastic, the burden of tax falls mainly on the suppliers.

An excise tax can distort incentives and create missed opportunities for mutually beneficial transactions. TRUE

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