The greater the elasticity of supply, the greater is
A) incidence of tax on buyers
B) incidence of tax on sellers
C) impact of tax on sellers
D) impact of tax on buyers
Correct Answer:
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Q8: Expenditure tax was introduced in India as
Q9: Wealth tax was abolished in
A)2011
B)2012
C)2014
D)2015
Q10: According to Wiseman and peacock, public expenditure
Q11: Canons of budgeting was given by
A)adam smith
B)h
Q12: Concept of concentration and displacement effect in
Q14: The ability to pay principle of taxation
Q15: Which committee recommended tax on agriculture holding
Q16: With a regressive tax, as income
A)increases, tax
Q17: The principle of maximum social advantage is
Q18: Justice in taxation is best ensured by
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