If a tax is levied on the sellers of flour,then

Name: If a tax is levied on the sellers of flour,then
Brand: Quizplus
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Quizplus · Accepted Answer

When a tax is levied on the sellers of a good, the supply curve shifts upward, leading to an increase in price. As a result, buyers will pay a higher price for the good and sellers will receive a lower price. Therefore, both buyers and sellers will share the burden of the tax. However, the extent to which each group bears the burden depends on the relative price elasticity of demand and supply.

If a Tax Is Levied on the Sellers of Flour,then