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Chapter 7 Excise Taxes

Chapter 7 Excise Taxes

Author: Matthew Lonn

Students will examine what a tax is and who actually bears the burden of an excise tax (producers or consumers).

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Excise Taxes

Taxes and who really pays them


Take notes from the slide show viewing slides #1-16. View the videos to help reinforce the notes.

Questions you should be able to answer after the lesson.

1. Define an excise tax.

2. Draw the market for a particular good pre vs post tax.

3. Understand what tax incidence means.

4. Be able to calculate dead weight loss, consumer surplus, producer surplus and tax revenue by looking at a graph for that good.

Chapter 7 Notes

AC DC Economics explaning excise tax

Source: You Tube