- From the markets we've examined we might conclude the following:
- Effects of an Excise Tax on Market with Inelastic Demand
- greater tax burden on consumers
- smaller reduction in equilibrium quantity
- greater tax revenue
- smaller deadweight loss
- greater loss of consumers' surplus
- Effects of an Excise Tax on Market with Elastic Demand
- smaller tax burden on consumers
- greater reduction in equilibrium quantity
- smaller tax revenue
- greater deadweight loss
- smaller loss of consumers' surplus
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