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    Economics Principles and Policy Study Set 2
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    Exam 17: Taxation and Resource Allocation
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    Explain the Excess Burden of a Tax on Luxury Yachts
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Explain the Excess Burden of a Tax on Luxury Yachts

Question 81

Question 81

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Explain the excess burden of a tax on luxury yachts.

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A tax on luxury yachts, say of $1,000, w...

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