Economics · Public Finance

How is the incidence of tax distributed between sellers and buyers?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1In proportion to the ratio of elasticities of demand and supply✓
2In ratio of two buyers' income
3According to elasticity of supply
4According to elasticity of demand

Correct answer

In proportion to the ratio of elasticities of demand and supply

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How is the incidence of tax distributed between sellers and buyers?

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How is the incidence of tax distributed between sellers and buyers?

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