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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 22
Suppose the government wants to levy a new excise tax. For each of the following goods, determine whether you would expect an excise tax to result in high or low deadweight loss.
a. Alcohol.
b. Milk.
c. Diamonds.
d. Tropical vacations.
e. Socks.
a. Alcohol.
b. Milk.
c. Diamonds.
d. Tropical vacations.
e. Socks.
Explanation
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Verified
Size of Deadweight loss:
The size of th...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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