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    Economics Principles and Policy Study Set 1
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    Exam 17: Taxation and Resource Allocation
  5. Question
    On Necessities, More of the Incidence of Tax Is
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On Necessities, More of the Incidence of Tax Is

Question 150

Question 150

Multiple Choice

On necessities, more of the incidence of tax is


A) borne by the producer.
B) borne by the consumer.
C) shared equally between the producer and the consumer.
D) None of the above is correct.

Correct Answer:

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