What is the nature of the deadweight loss accompanying taxes? Why is it often referred to as

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What is the nature of the deadweight loss accompanying taxes? Why is it often referred to as an “excess burden”?

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Microeconomics Private And Public Choice

ISBN: 9781305506893

16th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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