The more elastic the supply, the larger the deadweight loss from a tax, all else equal.
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Q38: Tax revenue equals the size of the
Q39: The elasticities of the supply and demand
Q40: When demand is relatively elastic, the deadweight
Q41: When the government imposes taxes on buyers
Q42: As the size of a tax increases,
Q44: Economists dismiss the idea that lower tax
Q45: The deadweight loss of a tax rises
Q46: The result of the large tax cuts
Q47: Tax revenues increase in direct proportion to
Q48: The demand for beer is more elastic
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