The tax incidence of a specific tax or ad valorem tax is influenced by
A) who pays the tax.
B) the amount of the tax.
C) the price elasticities of supply and demand.
D) All of the above.
C
You might also like to view...
In recent years in Russia, the most popular tax system has been
a. graduated rates topping at 13 percent b. a flat rate of 60 percent c. graduated rates topping at 40 percent d. graduated rates topping at 30 percent e. a flat rate of 13 percent
The Keynesian transmission mechanism could be blocked by either interest-insensitive investment or by the liquidity trap
Indicate whether the statement is true or false
If the Japanese yen trades at $1 = 98 yen, a Honda that sells for $29,000 in the U.S. would be worth approximately how many yen?
A) 296 yen B) 28,000 yen C) 371,000 yen D) 2,842,000 yen
Given the cost function C(Y) = 6Y2, what is the marginal cost?
A. 12Y B. 6Y C. Y2 D. 3Y