The excess burden of a tax is
a. the amount by which the price of a good increases.
b. the loss of consumer and producer surplus that is not transferred elsewhere.
c. The amount by which a person's after-tax income decreases as a result of the new tax.
d. the welfare costs to firms forced to leave the market due to an inward shift of the demand curve.
Question 2
In the short run, specific taxes on a firm result in
a. price increases that may not persist in the long run.
b. an increase in consumer surplus because the tax permits spending in additional government services.
c. shortages of the good being taxed.
d. an increase in producer surplus because of the rise in price.
Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi
Herniated disk. A herniated disk is a protrusion of the disk’s gelatinous center, called the nucleus
Mass Loss from a Supermassive Star
Good computer skills are now required to be a successful member of an office staff.
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Converting enzyme activity to its amount