the unit/ specific tax will cause paralell shift in the supply curve
what does an ad valoerum tax do the the supply curve?
the ad valoerum tax will cause the supply curve to tilt or piviot to the left
the burden of the tax can be passed onto the consumer by the producer but not all of it , the pass burden depends on the price elasticy of demand and suppy
what are indirect taxtes?
indirecrt taxtes are taxtes imposed by the goverment on producers but the burden of the tax can be passed onto the consumer depending on price elasticity of demand and supply
what ae indirect taxation?
indirect taxation is regressive meaning it takes more tax from those who earn more
