what is the incidence of a tax?

question 3 options:

the sum of a tax and a product’s price

the final burden of a tax

the levying of a tax on consumers

the ratio of a tax to a product’s price

The final burden of tax is said to be incidence of tax.

Option B

Explanation:

The incidence of tax is a monetary term of division of the taxation rate between the purchaser and merchants. It is identified with the value flexibility of the interest and supply. It is a circulation of assessment and commitments, which must be secured by the purchasers and dealers.  

For example when the inventory is more than request, the taxation rate falls on the purchaser and when the interest is more than supply, the taxation rate falls on the merchant.

The correct answer is option The final burden of a tax .

Explanation:

The incidence of a tax studies to whom and how the final burden of a tax will be applied.

Most people pay some form of initial tax, but that does not mean they will be affected by the final burden of a tax.

Sometimes taxes can be transferred, ranging from a small taxpayer to large companies. The incidence is who is responsible for understanding the division of taxes between each of these parties.

Given this information the correct answer is option B.

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

i hope this you! : )