The statutory incidence of a tax _______ the economic incidence of the tax.

Name: The statutory incidence of a tax _______ the economic incidence of the tax.
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The statutory incidence of a tax, which refers to who is legally responsible for paying the tax, does not necessarily determine the economic incidence, or the actual distribution of the tax burden between buyers and sellers. The economic incidence depends on the relative elasticities of supply and demand.

The Statutory Incidence of a Tax _______ the Economic Incidence