Effect of taxes and subsidies on price
id:
effect-of-taxes-and-subsidies-on-price-312-2341518
title:
Effect of taxes and subsidies on price
text:
Taxes and subsidies change the price of goods and, as a result, the quantity consumed. There is a difference between an ad valorem tax and a specific tax or subsidy in the way it is applied to the price of the good. In the end levying a tax moves the market to a new equilibrium where the price of a good paid by buyers increases and the proportion of the price received by sellers decreases. The incidence of a tax does not depend on whether the buyers or sellers are taxed since taxes levied on sel
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Effect_of_taxes_and_subsidies_on_price
date created:
date modified:
2023-11-21T21:35:40Z
main entity:
{"identifier":"Q5347226","url":"https://www.wikidata.org/entity/Q5347226"}
image:
fields total:
13
integrity:
13