The imposition of a tax on a good enables the government to
A) raise the price received by sellers of the goods that have been taxed.
B) lower the price paid by buyers for the goods that have been taxed.
C) create a more efficient economic system.
D) take part of consumer and producer surplus as tax revenue when the good is purchased.
E) decrease the deadweight loss in this market.
D
Economics
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In this situation, the deadweight loss from monopoly is:
a. 0.40. b. 0.16. c. 0.12. d. 0.08.
Economics
Which of the following would result in a decrease in aggregate demand?
a. A higher domestic price level b. Higher raw materials prices c. Higher rates of tax d. Technological advances e. Expansionary government policy
Economics