Solved

Which Statement Is True

Question 2

Multiple Choice

Which statement is true?


A) The economic incidence of a tax depends on the legal incidence of a tax.
B) The economic incidence of a tax does not depend on the legal incidence of a tax.
C) The economic incidence is always shared between the buyers and sellers in the market.
D) A tax is always paid for equally by suppliers and buyers in a market, irrespective of which side of the market is legally responsible for the tax.
E) None of the above.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents