{"id":5436,"date":"2019-02-14T09:56:34","date_gmt":"2019-02-14T04:26:34","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5436"},"modified":"2019-02-16T10:06:14","modified_gmt":"2019-02-16T04:36:14","slug":"taxes","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/taxes\/","title":{"rendered":"Taxes"},"content":{"rendered":"<h3><strong>Taxes can be implemented on producer in two ways<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li>Specific tax or unit tax.<\/li>\n<li>Advalorem tax<\/li>\n<li>Unit tax is a specific rate on a production unit which is sold.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Taxes can be implemented on the producer in two ways<\/strong><\/h3>\n<p>Tax incidence is divided according to the demand and supply elasticity can be explained graphically.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>The consumer bears the total tax incidence in perfect inelastic demand.<\/li>\n<li>The producer bears the total tax incidence in perfect elastic demand.<\/li>\n<li>Tax burden is divided equally between the consumer and producer in a unitary<br \/>\nelastic demand.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Inelastic demand more tax burden should be borne by the consumer, and the producer bears less tax burden.<\/li>\n<li>Inelastic demand more tax burden should be borne by the producer, and the consumer bears less tax burden.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>The producer bears total tax incidence in perfect inelastic supply.<\/li>\n<li>The consumer bears total tax incidence in perfect elastic supply.<\/li>\n<li>Tax incidence is divided equally between consumer and producer in unity elastic<br \/>\ndemand.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>The producer has to bear more tax incidence in inelastic supply.<\/li>\n<li>The consumer has to bear more tax incidence in elastic supply.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Taxes can be implemented on producer in two ways &nbsp; Specific tax or unit tax. Advalorem tax Unit tax is a specific rate on a production unit which is sold. &nbsp; Taxes can be implemented on the producer in two ways Tax incidence is divided according to the demand and supply elasticity can be explained [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2681],"tags":[],"class_list":["post-5436","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-2-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Taxes - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxes - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"Taxes can be implemented on producer in two ways &nbsp; Specific tax or unit tax. 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