Using a graph, discuss how the elasticity of demand influences the incidence of a tax

Briefly discuss the effect of price elasticity of supply and demand on tax incidence. When the demand for a product is less elastic than supply. pay the majority of the tax on a product; when supply for a product is less elastic than the demand, pay the majority of the tax on the pre firms consumers

Would consumer or producer carry the burden of tax if good is inelastic? Show on a graph

What is the tax incidence of an excise tax when demand is highly inelastic? Highly elastic? What effect does the elasticity of supply have on the incidence of an excise tax? What is the efficiency loss of a tax, and how does it relate to elasticity of demand and supply?

What is the incidence of an excise tax when demand is highly inelastic? Highly elastic? What effect does the elasticity of supply have on the incidence of an excise tax? What is the effifi ciency loss of a tax, and how does it relate to elasticity of demand and supply?

Suppose the market for cigarette is competitive. An economist estimates the price elasticity of demand and supply for cigarette are -0.8 and 0.7 respectively. Suppose the government imposes a per-unit tax of $45 Some economists believe that a sales tax, in general, is undesirable. Explain. Despite this, why do most countries still impose a tax on cigarette? Explain plausible arguments.

The government imposes a per-unit tax of 4 sheqles on banana and demand for banana is elastic. Calculate the consumer and producer share of tax burden and explain it on the graph?

Which of the following statements about the relationship between elasticity and tax incidence are true ?   Choose one or more:   A.The incidence of a tax depends on who the tax is placed on.   B.When demand is more inelastic than supply, consumers bear more of the incidence of a tax.   C.A tax on a good for which both demand and supply are relatively inelastic will cause a relatively large transfer of welfare from consumers and producers to the government.   D.When demand is more inelastic than supply, producers bear more of the incidence of a tax.   E.If a tax is imposed on a good with a perfectly inelastic demand, then consumers bear the full incidence of the tax.

Which of the following statements about the relationship between elasticity and tax incidence are true ?Choose one or more: A.The incidence of a tax depends on who the tax is placed on. B.When demand is more inelastic than supply, consumers bear more of the incidence of a tax. C.A tax on a good for which both demand and supply are relatively inelastic will cause a relatively large transfer of welfare from consumers and producers to the government. D.When demand is more inelastic than supply, producers bear more of the incidence of a tax. E.If a tax is imposed on a good with a perfectly inelastic demand, then consumers bear the full incidence of the tax.   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

How do the relative elasticities of supply and demand determine tax or subsidy incidence?