Elasticity & Taxation Worksheet

Elasticity & Taxation Worksheet
Elasticity & Taxation Worksheet
Elasticity & Taxation Worksheet
Elasticity & Taxation Worksheet
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0.64 MB   |   2 pages

PRODUCT DESCRIPTION

After completing this worksheet, students will be able to:

1. Identify and calculate the following measures: tax wedge, after-tax quantity, new after-tax price buyers pay, new after-tax price sellers receive, the per-unit tax incidence on buyers, the per-unit tax incidence on sellers, the tax revenue collected as a result of an excise tax, and the resulting deadweight loss from a tax.

2. Identify what it is that determines who bears the greater burden of taxation (the relative elasticity of supply and demand).

3. Identify how the relative elasticity of a product affects the resulting tax efficiency (both the amount of revenue collected and the amount of deadweight loss caused by the tax).

Total Pages
2
Answer Key
Included
Teaching Duration
50 Minutes

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Elasticity & Taxation Worksheet
Elasticity & Taxation Worksheet
Elasticity & Taxation Worksheet
Elasticity & Taxation Worksheet