The "economic incidence" of an excise tax illustrates

Name: The "economic incidence" of an excise tax illustrates
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Question

Quizplus · Accepted Answer

The economic incidence of an excise tax refers to who ultimately bears the burden of the tax, even if it is legally imposed on a different party. This can include consumers, producers, or both, depending on how the tax affects market outcomes. Therefore, D is the best choice as it directly addresses the concept of economic incidence.

The "Economic Incidence" of an Excise Tax Illustrates