Public Revenue MCQ Questions and Answers Quiz

31. The term incidence of taxation refers to

  1. Initial burden of the tax
  2. Final burden of the tax
  3. Burden of tax on government
  4. None of the above

32. The ultimate burden of taxation on producer implies

  1. Inelastic Supply and Elastic Demand
  2. Elastic Supply and Demand
  3. Inelastic Supply and Demand
  4. Elastic Supply and Inelastic Demand

33. The shared burden of taxation on consumer and producer implies

  1. Inelastic Supply and Elastic Demand
  2. Elastic Supply and Demand
  3. Inelastic Supply and Demand
  4. Elastic Supply and Inelastic Demand
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