Percentage Tax on Hamburgers
Watch this video to see how a percentage tax on hamburgers affects deadweight loss. Make sure to distinguish between a "percentage tax", like a sales tax of 8%, and a "constant tax", like a tax of $0.50.
Source: Khan Academy, www.khanacademy.org/finance-economics/microeconomics/v/percentage-tax-on-hamburgers
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Last modified: Wednesday, February 24, 2021, 4:06 PM