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Author Question: The city of Pura has decided to levy a tax on alcoholic beverages. Before the tax 155 alcoholic ... (Read 684 times)

ShannenConnor

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on: Nov 23, 2022
The city of Pura has decided to levy a tax on alcoholic beverages. Before the tax 155 alcoholic beverages were consumed and after the tax 124 alcoholic beverages were consumed. The price of alcoholic beverages before the tax was $4.90 and the tax rate is 40.00 percent. If consumers fully bear the burden of the tax, what is the excess burden of the tax as a percentage of tax revenues?
Please round your final answer to two decimal places.
◦ 12.50%
◦ 10.00%
◦ 40.00%
◦ 25.00%
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by ShannenConnor on Nov 23, 2022

mllong

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ShannenConnor

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Reply 2 on: Nov 23, 2022
Wow, this really help

kishoreddi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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