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Sagot :
1) Tax income is equal to the tax amount times the new equilibrium quantity. 2) The equilibrium quantity decreases. 3) Buyers fork out more money, and sellers get less. 4) There is frequently a loss of deadweight.
About Excise Tax
Any duty on produced items that is assessed at the time of manufacture rather than the time of sale is known as an excise, or excise tax. Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they pass a specified border in a certain direction, whereas excise is imposed on things that were created inland.
To know more about Excise Tax:
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