dead weight loss and how the burden of tax
Tax causes dead weight loss and how the burden of tax is split between buyers and sellers.
How does the taxation correct the market failure.
Elasticity should be included.
The majority of the essay should link to the economy.
This essay should include the positive externality and negative externality.
Using the example about the smoking banning law of Australia.
State clearly assumptions that are underlying the analusis and include definitions as well as brief explanations of key concepts.