Explain the difference between tax impact and tax incidence.

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Question

Details: * Explain the difference between tax impact and tax incidence. (2) Identify and explain the three forms of shifting that can occur with tax incidence.

* Requirements: 250 words minimum initial post, 100 words minimum reply

* 1) Explain cost-benefit analysis. (2) Identify and explain the steps in performing a cost-benefit analysis.
* Requirements: 250 words minimum initial post, 100 words minimum reply

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Identify and explain the three forms of shifting that can occur with tax incidence.

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