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by hajola
1206 days ago
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That's not true - they are not always passed on to the customer. It depends. Unless the corporation has a monopoly, it can not just increase the prices. There is a concept in economics called elasticity of demand, to simplify, it states that with increase in price there will be a drop in demand. So corporations have to balance, and in most cases the tax increase will be shared between the consumer and the corporation. |
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