Suppose that in an effort to reduce the deficit, it is decided that some luxuries should be heavily taxed. Suppose that you are asked to recommend one of two taxes: a 50% tax on the sale of old master paintings, or a 50% tax on yachts. Given that your goal is to minimize the dead weightloss, which of these two markets would you tax, and why? (Hint: Compare the demand and supply conditions.)

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