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What is the difference between statutory incidence and economic incidence? Group of answer choices Statutory incidence falls on who is legally responsible for the tax,

What is the difference between statutory incidence and economic incidence?

Group of answer choices

Statutory incidence falls on who is legally responsible for the tax, and economic incidence falls on whomever loses income due to the tax

The Laffer Curve

Statutory incidence falls on who is socially responsible for the tax, and economic incidence falls on whomever gains income due to the tax

Statutory incidence relies on the benefit principle, and economic incidence uses ability to pay

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