The tax incidence (A) is the manner in which the burden of a tax is shared among participants in a market. (B) can be shifted to the buyer by imposing the tax on the buyers of a product in a market. (C) can be shifted to the seller by imposing the tax on the sellers of a product in a market. (D) All of the above are correct.

(A) is the manner in which the burden of a tax is shared among participants in a market

Explanation:

Tax incidence refers to the burden of a tax between buyers or sellers or other stakeholders.

When price elasticity of supply is greater than price elasticity of demand, i.e a change in price causes supply to change more than demand, the tax incidence is said to be more burdensome for the buyers and vice versa.

It represents the distribution of tax burden to various sections of a society such as producers, consumers, etc.

For example, if taxes and duties are raised on alcohol or cigarettes, the producers shall transfer such burden on the consumers by covering their margin and raising prices. Thus, in such a case, the tax incidence would be borne by the consumers.

its ii) i did this test

explanation:

answer; by looking at total product,marginal product,and changes in both after changes in inputs