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Questions › UoH › UoH 2015 › Q1
1 mark, −0.33Public Economics › Taxation: incidence and efficiency › Tax incidenceHardabout 2 min

UoH 2015 Question 1: Taxation: incidence and efficiency

Consider market for a good in partial equilibrium analysis where supply is perfectly price inelastic and demand is perfectly price elastic. Market price is Rs. 60 when no tax is levied. Ad valorem excise duty of 25 % is now levied. New market price,

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Taxation: incidence and efficiency has come up 79 times in 7 exams since 2009.

What this question tests

This question is on Tax incidence, part of Taxation: incidence and efficiency in Public Economics.

Who actually bears a tax, whoever the law makes pay.

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Question from the UoH 2015 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.