UPSC CAPF AC 2024 Paper

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Question : 38 of 125
 
Marks: +1, -0
Consider the following statements:
1. Burden of a tax on a commodity is independent of who (buyer or seller) it is explicitly imposed upon
2. Burden of a tax on a commodity depends on the slope of the demand and supply curves
Which of the statements given above is/are correct?
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