answersLogoWhite

0

The burden of a tax imposed on a good is ultimately borne by the consumers and producers of that good, as they end up paying higher prices or receiving lower profits.

User Avatar

AnswerBot

8mo ago

What else can I help you with?

Related Questions

How does a tax levied on the sellers of a good shift the burden of taxation?

When a tax is imposed on sellers of a good, they often pass on the cost to consumers by raising prices. This shift in burden results in consumers paying more for the product, ultimately bearing the brunt of the tax.


How do buyers and sellers share the burden when a tax is levied on a good?

When a tax is imposed on a good, buyers and sellers typically share the burden by adjusting the price of the good. Sellers may increase the price to cover the tax, which can lead to higher prices for buyers. Buyers may also end up paying more for the good as a result of the tax. Ultimately, the burden of the tax is shared between buyers and sellers through changes in the price of the good.


When a tax is imposed on a good?

yes


What are 5 good things about grizzly bears?

what are 5 good things about grizzly bears (the animal)


What are the good uses of panda bears?

Panda bears are necessary for humans to exist.


Why do bears put their faces in pumpkins?

Bears are omnivores, meaning they eat plants and animals. Pumpkins are good food for bears. Carved pumpkins smell and taste good to a bear.


Why isn't the winter good for polar bears?

the winter is not good for the polar bears because they find their prey less in the winter.


Are sun bears good climbers?

no


What are polar bears best at?

that is a subjective question, but these are things that polar bears are good at:swimmingfishing


Will Marion Barber stay with the Bears?

He will probably stay with the bears. He is a good backup for Matt Forte and he does lead the bears with touchdowns. He has 5 of them.


Are brown bears good climbers?

No, they are really too heavy for climbing, unlike black bears.


Do gummy bears taste good?

yes

Trending Questions
What role did mercantilism play in founding of English colonies? What Use for homogeneous products or services those are often produced in mass can be termed? What did inflation occur in both the North and South during the civil war? What is consumers and producers drive pricing and production? People are likely to pay less for an item during a shortage.? What is the exchange rate from Chinese to US? What is the significance of the LRATC curve in determining the long-run average total cost of production? How did the Great Depression change economic thinking? The world is very different now For man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life And yet the same revolutionary beliefs for which your for? An underutilization of a country's resources means what? What was the economy in north in the civil war? What was the average cost of products in 1922? What was a result of the problems plaguing the agricultural sector in the 1920? What is a example of a market that meets allfour conditions for perfect competition? What twentieth-century economist argued that governments should engage in large public works and lower interest rates to stimulate economically depressed economies? Opportunity cost is calculated by what? What is a major cause of poverty and unrest in South America? What do countries gain from trade? How did reformers try to make businesses more efficient and profitable? How does suppliers affect business?