Which is least likely to help in understanding who bears the tax incidence?
A)Supply elasticity
B)Demand elasticity
C)Who the tax is levied on
D)Whether or not supply is fixed

Question

Quizplus · Accepted Answer

The entity who the tax is levied on may give some indication of who will bear the tax burden, but it does not give a complete picture. It's important to consider supply and demand elasticities along with whether or not supply is fixed in order to fully understand tax incidence.

Which Is Least Likely to Help in Understanding Who Bears