Determine how the burden of a tax is divided

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Suppose the government removes a tax on buyers of a good and levies a tax of the same size on sellers of the good.. How does this change in tax policy affect the price that buyers pay for this good, the amount buyers are out of pocket (including any tax payments they make), the amount sellers (net of tax payments they make), and the quantity of the good sold?

What determine how the burden of a tax is divided between buyers and sellers? Why?

Reference no: EM133232460

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