Asked by
Austin Shanu Binu Sheela
on Nov 17, 2024
Verified
Buyers and sellers rarely share the burden of a tax equally.
Tax Equally
A fiscal policy where taxes are imposed at the same rate or level for all individuals or entities, regardless of other factors.
- Understand the concept of tax incidence and how the tax burden is shared between buyers and sellers.
Verified Answer
MH
Learning Objectives
- Understand the concept of tax incidence and how the tax burden is shared between buyers and sellers.