Economics · Direct Tax
Who ultimately bears the economic burden of a direct tax?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The end consumers of manufactured products only
- 2The wholesale distributors of goods
- 3The financial intermediaries and brokers
- 4The person or entity on whom the tax is initially and legally levied✓
Correct answer
The person or entity on whom the tax is initially and legally levied
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