Describe how taxes can lead to efficiency losses. Your answer should include a graph and an explanation of what the graph illustrates.

Q: What is one benefit to business if the government runs a surplus?

A: When a government's entire revenue for a certain period, such as a fiscal year, exceeds its total…

Q: The Majority Leader of the Senate is Group of answer choicesMike Johnson Hakeem JeffriesChuck…

A: Charles Ellis (Chuck) Schumer is the Majority leader of the Senate (117th and 118th Congress) from…

Q: The personal income and payroll taxes are already too high. I think business should share A larger…

A: Big firms or corporates are powerful players in the market that tends to affect the market prices in…

Q: What are the three distinct terms to describe taxes?

A: A tax is a unilateral payment made by the people towards the government for various purposes. The…

Q: What will the federal government do to taxes?

A: The federal government uses fiscal policy as a tool to achieve economic stability.This involves…

Q: What is indirect tax? Write its four definitions.

A: Tax is compulsory contribution on the wealth of a person or a body of person for the services of the…

Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation

A: The tax rate is just the difference of the ST and S curves. As can be seen from the graph, when ST…

Q: What is merits and demerits of direct tax?

A: A tax is described as one that the government imposes on citizens who participate in the economy in…

Q: Use the following graph shown to fill in the table that follows. Consumer surplus Producer surplus…

A: The consumer surplus refers to an area below the demand curve and  above the equilibrium price of…

Q: Which of the following is an example of an exemption?

A: Exemptions are mentioned in the law and these exemption reduces the taxable income. Government…

Q: if tax revenue decreases what would be the effect on maryland

A: The question is asking about the potential effects on the state of Maryland if there is a decrease…

Q: Name three types of taxes and analyze the deadweight loss of each.

A: Tax is cash that must be paid to the state by individuals. Tax payments were intended to provide for…

Q: What area on the graph represents the total amount of DEADWEIGHT LOSS that results from the…

A: A deadweight loss, often referred to as deadweight loss of taxation or simply deadweight, is an…

Q: what the meaning of tax?

A: Tax is a compulsory contribution to the state's revenue that is levied by the government of each…

Q: A $1200 television has a 10 percent tax. Calculate the tax amount and total amount due.

A: An excuse tax is a tax on each unit of a commodity. Consumers and producers share the burden or…

Q: If the state government would like to increase tax revenue, please give three examples of…

A: In order to comprehend the burden and incidence of taxes, two key concepts are elasticity and taxes.…

Q: then tax revenue for the

A: Due to tax imposed , govt moved the market from market equilibrium to social optimum  That is at…