Who Pays the Tax?

Transcript

♪ [music] ♪ - [Tyler] In the last lecture, we showed that the legal incidence of a tax does not determine the economic incidence. In this lecture, we're going to talk about how the economic incidence of taxes actually is determined. Who bears the burden of a tax? Here is the rule for the economic incidence of a tax. The more elastic side of the mar... Read More