Multiple Choice
Tax incidence is the
A) division of the burden of a tax between the buyer and the seller.
B) burden buyers have to absorb from a tax on goods and services.
C) lost revenue the government endures from goods and services that are not taxed.
D) deadweight loss created by a tax.
E) burden sellers have to absorb from a tax on goods and services.
Correct Answer:
Verified
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