Asked by

audrey dobson
on Nov 17, 2024

verifed

Verified

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.
verifed

Verified Answer

HM
Halie MitchellNov 17, 2024
Final Answer:
Get Full Answer