Sales and excise taxes are levied on retailers, but retailers add these taxes to the prices of their products. This illustrates the

Name: Sales and excise taxes are levied on retailers, but retailers add these taxes to the prices of their products. This illustrates the
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This illustrates the concept of tax incidence, where although the tax is technically levied on the retailer, the economic burden is passed on to the consumer through higher prices. This is known as the shifting of taxes.

Sales and Excise Taxes Are Levied on Retailers, but Retailers