EC 151 Ch 8 - EC 151 Ch 8 The Cost of Taxation The...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: EC 151 Ch: 8 The Cost of Taxation The Deadweight loss of taxation Determinants of the deadweight loss Deadweight loss and tax revenue as taxes vary The deadweight loss of taxation How taxes affect market participants Welfare without a tax Welfare with a tax Changes in welfare Deadweight losses and gains from Trade The determinants of the deadweight loss P elasticity of D P elasticity of S Deadweight loss debate ex.: How big should the government be? Labor supply elastic vs. inelastic Deadweight loss and tax revenue as taxes vary: The Laffer curve and supplyside economics Supply side economics recap ...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online