Question
Who bears the main burden of an indirect tax?
Solution
Indirect taxes like VAT or GST are imposed on goods and services. Though collected by manufacturers or traders, the burden is typically passed on to the consumers, who pay higher prices for the goods.
More Economics Questions
- Find the missing number in the given number series.
42, 37, 45, 40, 48, ? 8, 27, 53, ?, 161, 285
45, 166, 607, 1568, 3249, ?
350 435 367 ? 384 401
...1, 26, 75, 156, 277, ?
- What will come in place of (?) in the given number series.
729, 243, 81, 27, ?, 3 7 29 61 ? 211 349
...What will come in the place of questions (?) mark in the following questions.
160, 223, 271, 306, 330, ?
44, 42, 46, 38, 54, ?
1 12 31 58 93 ?
Relevant for Exams:
