When excise taxes are levied on any good, the burden is shared between consumers and producers. The

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When excise taxes are levied on any good, the burden is shared between consumers and producers. The burden, however, typically falls on the less elastic group. Why is this?

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Principles Of Economics

ISBN: 9781292294698

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Feb 23, 2024 01:00 AM

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When excise taxes are levied on any good, the burden is shared between consumers and producers. The

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The burden of an excise tax typically falls on the less elastic group whether its consumers or producers due to the principle of elasticity of demand ...View the full answer

Principles Of Economics

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