Select the correct statement regarding commodity (or excise) taxes. O The burden of a tax is unrelated to who actually pays money to the government. O Regardless of who writes a check to the government, the burden of commodity taxes is shared equally by buyers and sellers. O From the perspective of buyers, taxes imposed on firms are preferable to taxes imposed on buyers, because firms ultimately pay a larger share of these types of taxes.
Select the correct statement regarding commodity (or excise) taxes. O The burden of a tax is unrelated to who actually pays money to the government. O Regardless of who writes a check to the government, the burden of commodity taxes is shared equally by buyers and sellers. O From the perspective of buyers, taxes imposed on firms are preferable to taxes imposed on buyers, because firms ultimately pay a larger share of these types of taxes.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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