The incidence of a tax is

Name: The incidence of a tax is
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The incidence of a tax refers to how the economic burden of a tax is divided between buyers and sellers. It may not necessarily be the same as the statutory burden, which is the amount set by the government. The incidence of a tax can vary depending on the elasticity of demand and supply. A subsidy, on the other hand, is different from a tax and does not have the same burden on buyers and sellers.

The Incidence of a Tax Is