6. (a) Show graphically and explain the policy 'taxing on buyer and seller is eventually the...

Transcribed Image Text:

6. (a) Show graphically and explain the policy 'taxing on buyer and seller is eventually the same thing'. (b) Show that 'the burden of tax is determined by the elasticity of that good'. 6. (a) Show graphically and explain the policy 'taxing on buyer and seller is eventually the same thing'. (b) Show that 'the burden of tax is determined by the elasticity of that good'.

Answer rating: 100% (QA)

Question B explanation Two graphs that represent the relationship between elasticity and tax incidence On graph A in my photo it shows the situation t... View the full answer