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kirsten dowdy
on Nov 26, 2024

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Which of the following taxes is least likely to be shifted?

A) a state excise tax on the sellers of football tickets
B) a personal income tax
C) a general sales tax on retailers who sell foodstuffs and clothing
D) a federal excise tax on the producers of whiskey

Shifted

Refers to the movement of a supply or demand curve in response to a change in factors other than the price of the good itself.

Excise Tax

A tax imposed on specific goods, services, or transactions, often with the goal of reducing consumption of certain products or generating revenue.

  • Comprehend the concept of tax shifting and its implications for different taxes.
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lloyd frickNov 30, 2024
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