The incidence of a tax reflects

Name: The incidence of a tax reflects
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The incidence of a tax refers to who ultimately bears the burden of paying the tax. This can be the person or entity who physically pays the tax (such as the consumer or the supplier), or it can be the person or entity who ultimately absorbs the cost of the tax (such as the consumer through higher prices). The other answer choices may be relevant to taxation as well, but they do not directly relate to the incidence of the tax.

The Incidence of a Tax Reflects