The deadweight loss from a tax
A) Is zero when demand is perfectly elastic
B) Is zero when supply is perfectly elastic
C) Is zero when demand is perfectly inelastic
D) Is unavoidable
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Q22: A subsidy
A) Is a payment that decreases
Q23: A production quota program
A) Imposes limits on
Q24: With a price floor
A) Consumer surplus falls
Q25: When the government implements a price support
Q26: The market demand function for wheat is
Q28: With a price floor
A) Producer surplus will
Q29: The market demand function for wheat is
Q30: The market demand function for wheat is
Q31: A production quota program
A) Imposes limits on
Q32: Subsidies
A) Are like taxes in that they
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