What Is The Incidence Of Tax?

1.	What Is The Incidence Of Tax?
Answer» tax incidence refers to who ACTUALLY pays the tax. Tax incidence can be divided into: FORMAL incidence: the party LIABLE to the tax. Informal incidence: party, who actually pays the tax. The tax incidence is decided by the elasticity of DEMAND and supply for a good or service. tax incidence refers to who actually pays the tax. Tax incidence can be divided into: The tax incidence is decided by the elasticity of demand and supply for a good or service.

Answer»

tax incidence refers to who ACTUALLY pays the tax.

Tax incidence can be divided into:

The tax incidence is decided by the elasticity of DEMAND and supply for a good or service.

tax incidence refers to who actually pays the tax.

Tax incidence can be divided into:

The tax incidence is decided by the elasticity of demand and supply for a good or service.

Discussion