Icebreaker FORUM 19

Peter

Peter

by Yihao (Peter) Niu -
Number of replies: 0

When the government imposes a new tax on a product, the tax burden is shared between producers and consumers depending on price elasticity. If demand is inelastic, consumers bear more cost through higher prices. If supply is inelastic, producers absorb more. Ultimately, market forces determine how the tax burden is distributed.


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