Which of the following is likely to impose a large excess burden (deadweight loss)? Why or why not? Use graphs to illustrate your answers. (Be sure to clearly state your assumptions.)  a. A tax on land. b. A tax on gasoline. c. A tax on orange juice.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter8: Application: The Cost Of Taxation
Section8.3: Deadweight Loss And Tax Revenue As Taxes Vary
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Which of the following is likely to impose a large excess burden (deadweight loss)? Why or why not? Use graphs to illustrate your answers. (Be sure to clearly state your assumptions.) 

a. A tax on land.

b. A tax on gasoline.

c. A tax on orange juice. 

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