Author Question: The "economic incidence" of an excise tax illustrates (Read 87 times)

Katmoss16 · **on:** Oct 12, 2022

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.

dadgoere765 · **Reply #1 on:** Oct 12, 2022

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