Tax wedge
id:
tax-wedge-268-7875356
title:
Tax wedge
text:
The tax wedge is the deviation from the equilibrium price and quantity as a result of the taxation of a good. Because of the tax, consumers pay more for the good than they did before the tax, and suppliers receive less for the good than they did before the tax. Put differently, the tax wedge is the difference between the price consumers pay and the value producers receive from a transaction. The tax effectively drives a "wedge" between the price consumers pay and the price producers receive for
brand slug:
wiki
category slug:
encyclopedia
description:
Deviation from equilibrium price and quantity
original url:
https://en.wikipedia.org/wiki/Tax_wedge
date created:
date modified:
2024-02-16T23:32:25Z
main entity:
{"identifier":"Q369135","url":"https://www.wikidata.org/entity/Q369135"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/6/67/Detailed_tax_wedge.png","width":917,"height":610}
fields total:
13
integrity:
15