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Khan Academy: Lesson Overview: Taxation and Deadweight Loss

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This article provides an overview of Taxation and Deadweight Loss. When a tax is imposed on a market it will reduce the quantity that will be sold in the market. Whenever the quantity sold in the market is not the equilibrium quantity, there will be inefficiencies.

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Concepts
tax incidence
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Additional Tags
equilibrium quantity, key equations, key model, khan academy, khan academy: lesson overview: taxation and deadweight loss, tax revenue, taxation and deadweight loss, things to consider and common errors, consumer's tax burden, producer's tax burden, government use of tax revenues, taxation
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)