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The city of Pura has decided to levy a tax on alcoholic beverages. Before the tax 155 alcoholic ...

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The city of Pura has decided to levy a tax on alcoholic beverages. Before the tax 155 alcoholic ...

The city of Pura has decided to levy a tax on alcoholic beverages. Before the tax 155 alcoholic beverages were consumed and after the tax 124 alcoholic beverages were consumed. The price of alcoholic beverages before the tax was $4.90 and the tax rate is 40.00 percent. If consumers fully bear the burden of the tax, what is the excess burden of the tax as a percentage of tax revenues?
Please round your final answer to two decimal places.

▸ 12.50%

▸ 10.00%

▸ 40.00%

▸ 25.00%

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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