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Old 09-27-2008, 02:14 PM   #11
Morrigoon
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Quote:
Originally Posted by Ghoulish Delight View Post
Leo, we've been over this. You can deny it all you want, but it's one of the most basic principles of supply and demand economics and is mathematical truth. Taxes levied against the supply side are NOT proportionately compensated for in consumer prices. The more elastic the price of the good, the smaller impact a supply-side tax has on a consumer. It is a function of the slope of the demand curve.
This is true, the tax is shared between seller and consumer.
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