When a tax can be transferred, what determines the actual burden of the tax?

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Explanation

The true economic burden of a tax, or its incidence, is influenced by how sensitive buyers and sellers are to price changes, which is measured by the elasticities of demand and supply. Legal responsibility for paying the tax does not necessarily indicate who ultimately bears the cost.

When a tax can be transferred, what determines the a… — Income Inequality | PakQuizHub