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Complete the following table with the tax revenue collected and deadweight loss caused by each of the tax proposals. If the Government Taxes... Tax Revenue

Complete the following table with the tax revenue collected and deadweight loss caused by each of the tax proposals. If the Government Taxes... Tax Revenue Deadweight Loss (Dollars) (Dollars) Pickleball paddles at $120 per paddle 6,000 15,000 Metro cards at $120 per card 24,000 6,000 Suppose the government wants to tax the good that will generate more tax revenue at a lower welfare cost. In this case, it should tax metro cards because, all else held constant, taxing a good with a relatively less elastic demand generates larger tax revenue and smaller deadweight loss

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