Excise Tax Flashcards
1
Q
Producers’ (seller’s)
Take Home Price
A
=P**-tax
2
Q
Consumers’ Share
A
=P**-P*
3
Q
Producers’ Share of Tax
A
=P*-Seller $
or
=t-consumer share
Producers’ (seller’s)
Take Home Price
=P**-tax
Consumers’ Share
=P**-P*
Producers’ Share of Tax
=P*-Seller $
or
=t-consumer share