Micro Unit 2.8 CW: Excise Tax (Letters)
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Posljednje ažuriranje 11 months ago
6
For the following, use letters to answer the questions.
Format without SPACES and alphabetical order is preferred. Thanks.
1
According to the graph, this excise tax is on the , which means that the have the responsibility of forwarding the tax revenue to the government. However, since neither the supply nor the demand is perfectly elastic or inelastic, the burden of tax is .
1
The total tax payment to government is shown by the area of ____.
The total tax payment to government is shown by the area of ____.
1
The total amount of tax paid by consumers is ________.
The total amount of tax paid by consumers is ________.
1
The total amount of tax paid by producers is ________.
The total amount of tax paid by producers is ________.
1
1
The incidence of tax for consumers is the incidence of tax for producers since the supply appears to be more than demand.