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In general the incidence of an excise tax is shared between buyers and sellers True or False?
Kyrah4life
yes
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∙ 10y ago
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What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
When will equilibrium between buyers and sellers happen?
oiii
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What determines how the burden of tax is divided between buyers and seller?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
Why there is a large number of sellers and buyers in monopolistic competition?
large numbers of buyers and sellers
What is the freely chosen activity between buyers and sellers of goods?
Free trade?
How does elasticity effect the tax incidence?
Tax incidence (the distribution of the tax burden among the buyers and sellers in a market) depends on the elasticity of demand and supply because elasticity measures the buyer and seller's willingness to leave the market when the prices of goods change. The more elastic demand/supply is, the more buyers/sellers will leave the market when the prices rise.Therefore, the tax burden falls more on the side of the market with the smaller elasticity, because a small elasticity means that more buyers/sellers remain in the market when the prices rise due to their being fewer available alternatives.
Who will handle the complex exchange between buyers and sellers in B2B commerce?
Centralized Markets
What is the struggle between buyers and sellers to get the best products at the lowest prices?
That Would Be COMPETITION
Which of the following best describes the concept of equilibrium price?
A. Sellers are happy with the price, but buyers are unhappy with the quantity. B. Sellers are unhappy with the price, but buyers are happy with the quantity. C. Both sellers and buyers are unhappy with the price and quantity. D. Both sellers and buyers are happy with the price and quantity.
What are real estate brokers?
A real estate broker is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy.
What was an established and regulated exchange for business between buyers and sellers on a regular basis?
market economy
