For a given supply curve, the deadweight loss from the imposition of a tax is smaller if demand is more elastic.

Name: For a given supply curve, the deadweight loss from the imposition of a tax is smaller if demand is more elastic.
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The deadweight loss from a tax is larger when demand is more elastic because consumers are more responsive to price changes, leading to a larger reduction in quantity traded.

For a Given Supply Curve, the Deadweight Loss from the Imposition