tax incidence is\na. the actual division of the burden of a tax between buyers and government in a…
tax incidence is\na. the actual division of the burden of a tax between buyers and government in a market.\nb. the actual division of the burden of a tax between buyers and sellers in a market.\nc. the potential division of the burden of a tax between buyers and government in a market.\nd. the potential division of the burden of a tax between buyers and sellers in a market.
Answer
Brief Explanations:
Tax incidence refers to how the burden of a tax is distributed between buyers and sellers in a market. It is about the actual, not potential, division of the tax - burden between these two parties.
Answer:
B. the actual division of the burden of a tax between buyers and sellers in a market