Question 11 of 18 Map Deb pling of an excise tax depends on the of the taxed goo

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Question 11 of 18 Map Deb pling of an excise tax depends on the of the taxed good's supply and demand curves. O ncome elasticity O frequency O rate O cross elasticity O incidence O arc elasticity O price elasticity O administrative costs The economic entity with the in terms of their production and consumption incur the largest burden of excise taxes. O most flexibility complements O owest opportunity cost O functions O east flexibility O substitutes O highest opportunity cost O outputs O Previous ® Give up & View solution Check Answer Next H Exit Hint

Explanation / Answer

Rate of an excise tax depends on the price elasticity of the taxed goods supply and demand curve.

Explanation: If the price elasticity of supply is higher than the price elasticity of demand, excise tax increases.

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