A tax:
A) generates tax revenue and causes deadweight loss.
B) increases consumer and producer surplus.
C) produces revenue for the government and increases total surplus.
D) is always efficient.
Correct Answer:
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Q92: Use the following to answer question:
Q93: If the demand for good X is
Q94: If demand is inelastic,then deadweight loss will:
A)be
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Q99: Use the following to answer question:
Q100: When the government imposes an excise tax,the
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