(Answered) Quiz tax policysuppose demand is relatively elastic who

Management Studies

Quiz: Tax Policy

Suppose demand is relatively elastic. Who will bear more of the burden of a tax?

Producers

Consumers

Suppose now that supply is relatively elastic. Who will now bear more of the burden of a tax?

Producers

Consumers

A change in which tax rate would have a more significant effect on the number of hours worked?

Marginal tax rate

Average tax rate

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Business Management, Management Studies

Category:- Business Management
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