The amount of tax levied per unit of good or service is called the tax:

A) incidence.
B) rate.
C) revenue.
D) surplus.

Question

The amount of tax levied per unit of good or service is called the tax:A) incidence.B) rate.C) revenue.D) surplus.

Cesar Romero-Muskus · Accepted Answer

Final Answer : B, Explanation :  The amount of tax levied per unit of good or service is called the tax rate. Tax incidence refers to who ultimately bears the burden of the tax, revenue refers to the total amount of money earned from the tax, and surplus refers to the difference between the amount consumers are willing to pay and the amount producers require in order to supply the good or service.

The amount of tax levied per unit of good or service is called the tax:

A) incidence.
B) rate.
C) revenue.
D) surplus.

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