Economics · Fiscal Policy and Taxation
The incidence of an indirect tax is shared between buyers and sellers based on which factor?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The absolute value of the price elasticity of demand only
- 2The absolute value of the price elasticity of supply only
- 3The ratio of the incomes of the consumers
- 4The relative elasticities of demand and supply✓
Correct answer
The relative elasticities of demand and supply
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