When a Tax Is Imposed on a Good or Service,the

question 115

Multiple Choice

When a tax is imposed on a good or service,the

• A) revenue gained by the government is the excess burden.
• B) deadweight loss that arises from a tax is the excess burden.
• C) share of the tax paid by the buyer is the excess burden.
• D) share of the tax paid by the seller is the excess burden.
• E) amount the government collects as tax revenue is the deadweight loss from the tax.

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