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When the demand for a commodity is inelastic who bears the greater burden of the indirect tax?
When the demand for a commodity is inelastic, consumers bear a greater burden of the indirect tax. This is because inelastic demand means that consumers are less responsive to price changes; they will continue to buy nearly the same quantity even as prices rise due to the tax. Producers may be able to pass on most or all of the tax to consumers in the form of higher prices, resulting in a larger share of the tax burden falling on the consumers.
Who generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for a good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand of the good taxed is inelastic?
the consumer
How generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for a good taxed is inelastic?
the consumer
How generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand of the good taxed is inelastic?
the consumer
Who bears the burden of a tax?
The burden is that of the person or people who have to pay the tax.
Who does the Tax incidence refer to?
Who actually bears the burden of the tax
What does the incidence of a tax refer to?
The incidence of a tax refers to who ultimately bears the economic burden of the tax. It can fall on consumers, producers, or be divided between the two depending on factors like price elasticity of demand and supply. Ultimately, the burden of the tax is determined by how the tax affects the equilibrium price and quantity in the market.
Can a polar bear move?
Polar bears are perfectly mobile.
Who bears burden of proving a criminal defendant guilty beyond reasonable doubt?
The prosecution.
Who bears most of the burden of government regulations?
Much of the burden of government regulation has ultimately been borne by [business] consumers in the form of higher prices.
Who bears the tax when demand is unit elastic?
producer
What means that certifying officer bears the burden of proof in establishing there was no contributing fault or negligence?
presumption of negligence
