Identify whether the statements about the economics of taxes are true or false. the incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. when demand is inelastic and supply is elastic, the burden of a tax falls mainly on producers. when demand is elastic and supply is inelastic, the burden of a tax falls mainly on consumers. an excise tax can distort incentives and create missed opportunities for mutually beneficial transactions.

answer: e

explanation:

answer; niosh, the national institute for occupational safety and health;

answer; decentralized;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.