3 ms·
But in reality, a share of the tariff is paid by the supplier and a share is paid by the consumer. And if I remember my classic macroeconomics class correctly,
by zaroth 7y ago
But in reality, a share of the tariff is paid by the supplier and a share is paid by the consumer.
And if I remember my classic macroeconomics class correctly, that share depends precisely on the elasticity of demand (slope of the demand curve).
- seirl 7y agoThis is correct.