Suppose a tax is imposed on sellers. The more inelastic the demand for the taxed item, the
A) greater the share of the tax paid by sellers.
B) smaller the deadweight loss from the tax.
C) larger the decrease in consumption because of the tax.
D) All of the above answers are correct.
B
Economics
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A flat tax which does allow deductions for investment spending is a type of
A) investment tax. B) excise tax. C) luxury tax. D) consumption tax.
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The primary assets of a pension fund are
A) money market instruments. B) corporate bonds and stock. C) consumer and business loans. D) mortgages.
Economics