Excise Tax Wedge Worksheet

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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
Answer Key
Included
Teaching Duration
30 Minutes

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Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet
Excise Tax Wedge Worksheet