Figure 12.1
-Refer to Figure 12.1.The excess burden of the tax is represented by the area -.

Name: Figure 12.1 -Refer to Figure 12.1.The excess burden of the tax is represented by the area -.
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Question

Figure 12.1 
-Refer to Figure 12.1.The excess burden of the tax is represented by the area -.

Quizplus · Accepted Answer

Excess burden of the tax is the deadweight loss caused by the tax. In the given figure, deadweight loss is represented by the triangles E and H. Therefore, the excess burden of the tax is the sum of E and H, which is option C.

Figure 12.1 -Refer to Figure 12.1.The Excess Burden of the Tax Is