The above figure shows the market for anti-freeze. The government imposes the sales tax shown in the figure on sellers. The sales tax on anti-freeze decreases the quantity of anti-freeze that automobile owners purchase by

How did the role of government in the East Asian miracle become a factor in the currency crisis of the late 1990s?

What will be an ideal response?

The tax with the minimum excess burden of taxation is most desirable from an efficiency standpoint because _____

a. it suggest that people substituted away from the tax by a considerable amount b. it minimizes tax shifting c. it produces the least social cost per dollar of revenue raised d. it will raise the most revenue for government