Does it matter whether buyers or sellers are legally responsible for paying a tax?
a. yes, the tax is more efficient if consumers pay the tax.
b. no, the market price to consumers and net proceeds to sellers are the same independent of who pays the tax.
c. yes, the tax is more equitable if sellers pay the tax.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Does it matter whether buyers or sellers are legally responsible for paying a tax? a. yes, the tax is more efficient if consumers pay the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Union Local School District has bonds outstanding with a coupon rate of 3.1 percent paid semiannually and 22 years to maturity. The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $10,000.
Answers (1)
How can a nation benefit from effectively exporting its goods?
Answers (1)
What are things you can do to manage the risks in your life to reduce any financial losses?
Answers (2)
Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these offices is headed by a president who reports directly to Emma Burnley, the CEO.
Answers (1)
2 10 n 30 r. o. g. means the cash discount period ends : what that's mean?
Answers (1)
New Questions in Business
Interest groups ___. Are most often set up by or work for elites and corporations Work to influence laws and policies Work to influence court rulings All of these answers
Answers (1)
What if the tile work had proceeded as contracted and looked good, but STR refused to pay, saying it didn't meet their personal satisfaction (even though the contract didn't mention this option). Could STR refuse to pay?
Answers (1)
You want to create a slide that lists the pros and cons of using cloud storage as part of your presentation on business technology. Which pre-set layout would you want to use? A. Content with caption B. Title only C.
Answers (2)
Two or more products are produced using limited resources. The firm would like to determine how many units of each product it should produce to maximize overall profit given its limited resources.
Answers (1)
1. Calculate owners' equity. Doughnut Company shows $130,000 worth of assets on its December 31, 2009, balance sheet. If total liabilities are $55,800, what is the amount of owners' equity?
Answers (1)