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1) Tax incidences are majorly affected by the elasticity of demand and elasticity of supply. Using...

1) Tax incidences are majorly affected by the elasticity of demand and elasticity of supply. Using the partial equilibrium illustrate the tax incidence of a unit tax when

Demand curve and supply curve are fairly elastic

When demand curve is perfectly elastic and supply curve is fairly elastic

When supply curve is perfectly inelastic and demand curve is fairly elastic

2) Discuss any four factors that affect the shift of tax burden

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