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Author Question: The "economic incidence" of an excise tax illustrates (Read 61 times)

Katmoss16

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Question 1

The imposition of an excise tax will cause the least burden on consumers when demand is
◦ unit elastic.
◦ vertical.
◦ elastic.
◦ perfectly elastic.
◦ perfectly inelastic.

Question 2

The "economic incidence" of an excise tax illustrates
◦ the economic costs associated with avoiding the tax.
◦ the political process for implementing a tax.
◦ who bears the burden of the tax.
◦ who is legally responsible for paying it to the government.
◦ the legislative process through which it must be passed.


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Marked as best answer by Katmoss16 on Oct 12, 2022

dadgoere765

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Katmoss16

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Reply 2 on: Oct 12, 2022
Gracias!


Sarahjh

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Reply 3 on: Yesterday
Excellent

 

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