If demand were perfectly elastic, there would be no excess burden.
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Q186: The principle of second best states that
A)
Q187: The principal of neutrality states that, with
Q188: Excess burden is the total burden of
Q189: Deadweight loss is another term for excess
Q190: A nonneutral tax cannot be used to
Q192: Taxes that distort economic decisions impose excess
Q193: What circumstances favor nonneutral taxes?
A) only the
Q194: Neutral taxes do not impose excess burdens.
Q195: _ states that if previously existing distortions
Q196: Which of the following illustrates the principle
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