Incidence of a tax is


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asked Dec 23, 2011 in World Questions by anonymous
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Well tax incidence refers to who actually pays the tax.
Tax incidence can be divided into 1. formal incidence :the party liable to the tax 2. Informal incidence :party who actually pays the tax,
The tax incidence is decided by the elasticity of demand and supply for a good or service.
answered Jan 15, 2012 by jeet sagar Moderator (1,034,200 points)

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