Economics A Level: What does
1. Consumer Burden
2. Producer Burden
mean?

Question

What does
1. Consumer Burden 
2. Producer Burden
mean?

go kys · Accepted Answer

1. Consumer Burden refers to the Rising Price from the Indirect Tax making Consumers lose out because they have to Pay MORE for the Goods than if the Tax weren't in place
2. Producer Burden refers to Firms losing out by Paying some of their Revenue to the Government.

Economics A Level

What does 1. Consumer Burden 2. Producer Burden mean?

1. Consumer Burden refers to the Rising Price from the Indirect Tax making Consumers lose out because they have to Pay MORE for the Goods than if the Tax weren't in place 2. Producer Burden refers to Firms losing out by Paying some of their Revenue to the Government.

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