Business, 09.12.2019 23:31 wwwchivova

The burden of a tax is shared by producers and consumers. under what conditions will consumers pay most of the tax? under what conditions will producers pay most of it? a. it depends on who is legally obligated to pay the tax. typically consumers are required to pay the tax and therefore bear most of the burden. b. if demand is relatively more elastic than supply, consumers will pay more of the tax. c. if demand is relatively less elastic than supply, consumers will pay more of the tax. d. it depends on who is legally obligated to pay the tax. typically producers are required to pay the tax and therefore bear most of the burden

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The burden of a tax is shared by producers and consumers. under what conditions will consumers pay m...