Given below are two statements: One is labelled as Assertion A and the other is labelled as Reason R: Assertion A: Indirect taxes are primarily imposed by the government to generate revenue and can also be used to influence consumption patterns. Reason R: The monetary burden of indirect taxes can be shifted from the taxpayer to the final consumer. In the light of the above statements, choose the most appropriate answer:

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Economics · Public Finance

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both A and R are correct but R is NOT the correct explanation of A

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Answer 1

A is not correct but R is correct

Answer 2

A is correct but R is not correct

Answer 3

Both A and R are correct but R is NOT the correct explanation of A

Answer 4

Both A and R are correct and R is the correct explanation of A

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