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The state of Florida is considering putting an excise tax on either good X or good Y. An economist discovers the supply of good X is more elastic than the supply of good Y, while the demand elasticities are identical. Which good should Florida tax in order to minimize the deadweight loss of the tax?
Intangible Asset
An asset that lacks physical substance but possesses value, such as intellectual property, brand recognition, or goodwill.
Dividends Per Share
The amount of dividend a company pays out to each shareholder for each share they own, indicating the dividend payout per individual share.
Net Income
The net earnings of a company resulting from subtracting all costs and taxes from its overall revenue.
Shares Outstanding
The total number of a company's shares that are owned by shareholders, including both public and private entities, available in the market.
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