Emerald Isle has been named bySouthern Livingmagazine as the best beach town in North Carolina. The town has recently raised its excise tax on restaurant meals; they hope to get a lot of tax revenue from tourists who visit the town and eat in its restaurants. Explain whether Emerald Isle's excise tax on restaurant meals is likely to be successful in raising lots of revenue for the town government.Identifythe concept that your explanation is based on,definethat concept, and thenapplythat concept to this situation. (Note: this question is not about the effects of the pandemic, so ignore that reality in working our your answer.)