Taxes levied on commodities are

Assessment: WAEC SSCE - Economics - 2004 (Objective) Subject: Economics

Question 1 Report

Taxes levied on commodities are
Answer Details
Taxes levied on commodities are indirect taxes. Indirect taxes are those taxes that are not directly levied on individuals or businesses but are imposed on goods and services. These taxes are ultimately passed on to the consumer, meaning the end-user pays the tax. In the case of taxes levied on commodities, the tax is imposed on the goods themselves, such as a tax on cigarettes or alcohol, rather than on the person buying them.
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