There is no deadweight loss from a tax when
A) Demand is perfectly inelastic
B) Supply is perfectly inelastic
C) Demand is perfectly elastic
D) A and B
Correct Answer:
Verified
Q1: The federal gasoline tax is an example
Q3: Suppose the market demand function for ice
Q4: Suppose the market demand function for ice
Q5: Suppose the market demand function for ice
Q6: An ad valorem tax
A) Is a fixed
Q7: More of a tax is borne by
Q8: Suppose the market demand function for ice
Q9: The deadweight loss of taxation
A) Is the
Q10: A specific tax
A) Is a fixed dollar
Q11: A sales tax is an example of
A)
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