Tax incidence: depends on the relative elasticity of the supply and demand curves in a market. depends on whether it is a buyers tax or sellers tax that is being imposed. depends on the amount of tax revenue generated once administrative burdens are taken into account. depends on whether the tax revenue is greater than the deadweight loss caused by the tax.
Added by Richard W.
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Step 1: Tax incidence refers to how the burden of a tax is distributed between buyers and sellers in a market. Show more…
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