If the tax on a good is doubled, the deadweight loss of the tax

a. increases by 50 percent.
b. doubles.
c. triples.
d. quadruples.

d

Economics

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Which of the following correctly explains the crowding-out effect?

a. An increase in government expenditures decreases the interest rate and so increases investment spending. b. An increase in government expenditures increases the interest rate and so reduces investment spending. c. A decrease in government expenditures increases the interest rate and so increases investment spending. d. A decrease in government expenditures decreases the interest rate and so reduces investment spending.

Economics

What is a term referring to a table that shows the quantity supplied at a range of different prices?

a. demand curve b. demand schedule c. supply curve d. supply schedule

Economics