8. Tax Incidence Considerations a. What is tax incidence? How does it differ from the concept of levying taxes? b. Does the "split" of tax incidence change if you levy per-unit taxes on buyers or sellers (holding everything else constant)? Why or why not? c. What does tax incidence mainly depend on (in a competitive market)? d. If buyers are very price inelastic and sellers aren't, who will take on more tax incidence for a per-unit tax? Why?

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