The total burden of a tax is $12,000 and the tax revenue from this tax is $8,000. The excess burden of this tax is
A) $4,000.
B) $8,000.
C) $10,000.
D) $20,000.
Correct Answer:
Verified
Q168: _ is caused by the fact that
Q169: Refer to Scenario 19.4 below to answer
Q170: The amount by which the burden of
Q171: There would be _ excess burden from
Q172: Refer to Scenario 19.3 below to answer
Q174: Taxes levied on sharply defined bases tend
Q175: The principle of neutrality states that, all
Q176: Refer to Scenario 19.4 below to answer
Q177: Refer to Scenario 19.4 below to answer
Q178: A tax that distorts an economic decision
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents