
Who generates the deadweight loss associated with a tax on a commodity
A) those consumers who still choose to consume the commodity, but pay a higher price that reflects the tax
B) those consumers who choose not to consume the commodity that is taxed
C) all citizens who are able to use services provided by government
D) those consumers who are unable to avoid paying the tax
Correct Answer:
Verified
Q57: What do social services primarily consist of
A)welfare
Q58: What is NOT a cost of taxes
Q59: Why do taxes create deadweight losses
A)They reduce
Q60: Table 12-2 Q61: When is one tax system less efficient Q63: Scenario 12-1 Q64: How is a tax system best defined Q65: Which of the following is an effect Q66: Table 12-3 Q67: Scenario 12-1
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Suppose Jeremy and Kelsey receive great
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Suppose Jeremy and Kelsey receive great
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