The incidence of a tax falls only the person on whom the tax is levied.

Name: The incidence of a tax falls only the person on whom the tax is levied.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The incidence of a tax can fall on both the person or entity on whom the tax is levied and on others, as it can be passed on to consumers in the form of higher prices or to workers as lower wages, depending on the market conditions and elasticity of demand and supply.

The Incidence of a Tax Falls Only the Person on Whom