Rank the following taxes according to which has the highest excess burden relative to the direct burden.
Question:
a. An excise tax on one brand of breakfast cereal
b. An excise tax on all breakfast cereals
c. An excise tax on all food
d. An excise tax on everything (which is basically what the GST is)
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Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
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