Buy custom Essay on everyday economics/The Arm chair economist
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| Topic: |
Book Reports
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| Number of pages / Number of words: |
5 / 1142 |
Essay's paper body
Everyday we as consumers have to deal with this
Deadweight loss. When we go to buy gasoline (which by the way is ridiculously
priced right now) there are many taxes that have been imposed on each gallon.
These taxes restrict us consumers from taking that money and spending it on
something else that we would much rather have or need...
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Another way the economy
experiences this deadweight loss is in the mere fact that consumers may not
purchase and item due to the overall cost with the tax. A consumer may be
willing to pay 5.00 for a burger but with the tax it takes the total cost to
6.00. The consumer does not buy. This in turn takes that money out of the
economy for the moment...
Essay fragment
General points of the essay
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