Source: Images by Video Scribe, License Held by Colton Cranston
Tax paid by supplier/producer of a good (can be imposed by any government strata--federal, state, local).
A sum that is paid (typically by a government entity) to either suppliers or consumers to assist in the production or purchase of a good or service.
The proportion of tax borne between a supplier and consumer of a good where either party may be the original tax recipient.
The change in quantity demanded or supplied resulting from a change in the price of a good or service—own-price elasticity.