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Excise Tax Wedge Worksheet

Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
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620 KB|4 pages
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Product Description
This front side of this worksheet asks students to apply an excise tax in a market and to identify and calculate each of the following:

-The tax wedge
-The resulting after-tax quantity exchanged
-The new after-tax price buyers will be forced to pay
-The new after-tax price sellers will receive
-The tax revenue collected by the government
-The tax incidence on both consumers and producers

The back side requires students to:

-Apply four differently-sized excise taxes to a market
-Calculate the resulting tax revenue generated by each
-Examine how increasing a tax rate affects the amount of tax revenue generated
-Graph the Laffer Curve illustrating the relationship between tax rates and tax revenue
-Explain why increasing the amount of a tax does not always guarantee that the government will collect more in tax revenue
Total Pages
4 pages
Answer Key
Included
Teaching Duration
30 minutes
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