Answer to Question #266556 in Microeconomics for deep

Question #266556

what determines the burden of tax between buyers and sellers and why

1
Expert's answer
2021-11-16T10:38:45-0500

Elasticity of demand and supply helps in determining the tax between buyers and sellers. This is because elasticity of demand and supply represents the willingness of sellers or buyers to leave the market, which in turn will depend on their alternatives.


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