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taxes are usually levied up on producer but by shifting tax the consumer aer also effected

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12y ago

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Are taxes levied on consumer or producer of goods?

Both consumers and producers are taxed in one form or another.


What are characteristics of indirect taxes?

Indirect taxes are levied on goods and services rather than on income or profits. They are typically included in the price of the product, making them less visible to consumers. These taxes can be passed on from producers to consumers, affecting the overall cost of goods. Common examples include value-added tax (VAT), sales tax, and excise duties.


What is the incidence of indirect taxes?

Incidence of indirect taxes indicate how much burden of indirect taxes will be borne by the producers and how much by the consumers by way of rise in price.


What type of taxes Levied directly on the entire estate of a person?

Estate taxes are levied on the entire estate of a person.


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What groups of players make all of the economic decision in a free-market system?

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Taxes levied on goods made or sold within a country are called what?

taxes levied on goods made or sold within a country are called excise taxes.


Are buttercups producers or consumers?

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How are consumers related to producers?

Producers are the food for primary consumers.


Differentiate producers from consumers?

You can differentiate between producers and consumers by understanding that producers make their own food. Consumers cannot do that.


Is the tax burden of sin taxes on tobacco products shared equally between consumers and -producers?

no,buyers pay more