Excess Burden defined Figure 13.2 shows new optimizing choice with the higher prices along budget constraint AF Utility maximized at bundle e2 ·∨ erica| distance between olo&neW budget constraints is GE2 is the tax bill7 Excess Burden Defined • Figure 13.2 shows new optimizing choice with the higher prices along budget constraint AF. • Utility maximized at bundle E2 . • Vertical distance between old & new budget constraints is GE2 is the “tax bill