When the government imposes a tax on a product, both consumers and producers share the cost. If demand is strong, consumers pay more. If demand is weak, producers absorb more of the tax. The actual burden depends on how much the price changes.
When the government imposes a tax on a product, both consumers and producers share the cost. If demand is strong, consumers pay more. If demand is weak, producers absorb more of the tax. The actual burden depends on how much the price changes.
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