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Homework answers / question archive / The excess burden of a tax is a measure of the foregone consumption as a result of having to pay taxes
The excess burden of a tax
is a measure of the foregone consumption as a result of having to pay taxes.
measures the efficiency loss to the economy that results from a tax, causing a reduction in the quantity of goods and services produced.
is a measure of the hardship imposed on low-income individuals in a society.
is measured by the administrative costs required to implement a tax system.
The excess burden of a tax,
measures the efficiency loss to the economy that results from a tax, causing a reduction in the quantity of goods and services produced.
