Asked by
Garry Rajput
on Nov 17, 2024
Verified
The term tax incidence refers to how the burden of a tax is distributed among the various people who make up the economy.
Tax Incidence
The analysis of the effect of a particular tax on the distribution of economic welfare, indicating who ultimately bears the burden of the tax.
- Familiarize oneself with the concept of tax incidence and how taxation burdens are divided between purchasers and vendors.
Verified Answer
JC
Learning Objectives
- Familiarize oneself with the concept of tax incidence and how taxation burdens are divided between purchasers and vendors.