What is the amount of government revenue after the government imposes the excise tax on the market?

1 answer:

6 0

In a market where the demand curve is totally inelastic, if the government imposes an excise tax, the tax burden will entirely rest on the consumer and the deadweight loss will be equal to zero.

Information on excise tax

An excise tax is a controlled tax on certain goods or services, such as alcohol, cigarettes, and gasoline. Corporations are the main payers of excise taxes. Many of them are supported by commercial entities, who then charge consumers extra as a result.

Excise taxes are national taxes applied within a government infrastructure, as opposed to being imposed internationally across national borders.

Here are additional details regarding excise tax:

brainly.com/question/3853375

#SPJ4

You might be interested in

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,638. The

mina [271]

Answer:

Net Pay = Gross Pay - Federal Income Tax - FICA-SS Tax - FICA-Medicare Tax

Net Pay = $8,260.00 - $1,325.17- $512.12 - $119.77* = $6,302.94

Explanation:

4 0

2 years ago

Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Jani

ArbitrLikvidat [17]

Instead of joining groups to learn more about the two fields, Janice should job shadow in the medical career and also her family members on the job. By job shadowing, she would get a better feel for what the work environment and everyday life would be like in that career instead of just what some groups teach about the different fields. Medical and farming are two large career fields with any different smaller job opportunities within.

8 0

2 years ago

Read 2 more answers

What was the reason for the financial crisis 2008?

tester [92]

The cause was the huge increase of mortgage rates and caused the economy to crash. also Obama. no just kidding only idiots ay that it was him because he hadn't been the president for a year yet so yeah.

7 0

3 years ago

Potential advantages to initiating, continuing, or expanding international operations is that foreign operations can absorb exce

Daniel [21]

Answer:

Explanation:

<em>The given statement is very</em> TRUE.

Yes, as we know that in international operations the companies are given the freedom to find new consumers for their goods and as well as products. And foreign operations have the power to absorb as the demand is less than the stock, and also reduces the unit cost as their is no more production because of the less demand.

4 0

3 years ago

If a school has a capacity of 100 seats and all are full for the term, what can you do to increase profitability?

Ksivusya [100]

The school need to increase its tuition fee in order to increase its profitability despite having a full class already.

<h3>What is a profitability?</h3>

This refers to the measurement of an organization's profit in relation to its expenses.

Despite that this capacity of 100 seats are filled for the term, the school can decide to increase its tuition fee in order to increase its profitability for the school session.