The amount by which the burden of a tax exceeds the total revenue collected is called

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Quizplus · Accepted Answer

Excess burden, also known as deadweight loss, refers to the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium. In the context of taxation, it represents the economic loss that can occur when a tax disrupts the market equilibrium, leading to a decrease in the economic welfare of society that exceeds the revenue generated by the tax.

The Amount by Which the Burden of a Tax Exceeds