Asked by
audrey dobson
on Nov 17, 2024Verified
Buyers and sellers always share the burden of a tax equally.
Burden
A duty, responsibility, or a heavy load that is difficult to bear.
Tax
A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Sellers
Persons or organizations that provide products or services available for purchase within a marketplace.
- Apprehend the theory of tax incidence and how the obligation of taxes is divided among buyers and sellers.
Verified Answer
HM
Learning Objectives
- Apprehend the theory of tax incidence and how the obligation of taxes is divided among buyers and sellers.