asked 84.8k views
5 votes
A(n) ________ in the elasticity of supply or demand in a market for a good that is taxed would tend to ________ who is legally responsible for paying the tax.

1 Answer

6 votes
An "Increase" in the elasticity of supply or demand in a market for a good that is taxed would tend to "Increase" who is legally responsible for paying the tax. Any increase in the supply or demand of a product will trickle the costs from the manufacturer down to the end user. As a result, the taxes are increased as the chain is moved.
answered
User Stephan Kulla
by
8.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories