read an excerpt from a news article about the Luxury Car Tax in Australia, which you will be able to find on the task sheet that I provide. You will need to utilise a tax within a demand and supply model for luxury cars, to analyse the Luxury Car Tax described throughout the article. Although in reality it is a percentage-based tax with even other complexities such as a threshold, as a simplification you can consider it as a basic per-unit tax of a fixed amount. The article says that the tax is paid by dealers. Explain why then it is not just the dealers (sellers) who are impacted by the tax. Detail the impacts caused by this tax on not just the dealers, but also on consumers, the government, and overall economic efficiency. The topic of primary focus, is Government Intervention -The Cost of Interfering with Market Forces. Ensure that you use diagrams where relevant to support your answer, and make sure to use key terminology and core concepts where appropriate. Ensure in your answer that you use economic concepts that are related to the news excerpt and that you use diagrams to support your explanations where relevant. It is very important that you explore each of these concepts individually in great detail, explaining how they are connected to the text, and to each other. You need to make sure that you provide many diagrams throughout the text, illustrating concepts and adding visual elements to the text. You need to ensure that these are either hand drawn neatly and uploaded to the document, or digitally drawn neatly and uploaded to the document. The diagrams need to be original. Regarding the diagrams, I want you to make sure that they are labelled correctly, with the proper terms. Next to each of the diagrams, could you please attach a key as to what the abbreviations stand for, as to know that the correct terminology is being used. Make sure that the diagrams arent random diagrams explaining the concepts, but are instead specifically related to the context of the concepts regarding the text. Please ensure that they are directly related. When including each diagram, make sure that it is talked about and intertwined in the text (. this economic concept regarding the is demonstrated in the diagram). Use in text referencing, and use Harvard style referencing. When researching, use Australian sources where possible. Please ensure that you give very detailed answers, and that your writing flows. I have attached a document. This document includes the task sheet, detailing what is expected throughout the report. It is very detailed, so please make sure that you properly read through it, and make a note of what ever is asked for the report. The document that I have provided to you, includes the article excerpt with the link to it (which you need to Harvard reference in the bibliography), a task description, format, word limit, diagrams, and referencing information, and the grading rubric. Make sure that you check the marking rubric, and that the work that you provide to me includes all the criteria and is completed at the highest level. Make sure that all areas of the rubric are covered, and that there arent any missing parts from it. So, please make sure that you include a lot of detail, in depth analysiss, diagrams, proper explanations regarding sections and answers, language, and have a look at the detail required. Make sure that there are no spelling, grammatical, or punctuation errors. Make sure that the essay is coherent and understandable. I expect the assignment to be completed to a very high standard. I cant stress this enough, make sure that ALL aspects of a section are answered and complete, and explored and talked about in detail. Please make sure that there arent ANY missing parts from ANY sections. If you are unsure regarding what economic concepts to use, or what economic concepts are suitable regarding the text, please feel free to contact me. If you have any questions or need any further clarification, please feel free to contact me. Kind Regards, LucyShow more
