#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
The actual incidence of a tax refers to who actually bears the cost of the tax through an increase in the price paid (buyers) or decrease in the price received (sellers).
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iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p29
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