Multiple Choice
Other things being equal, the more elastic demand is:
A) the lower the deadweight loss is resulting from the imposition of a particular tax on a product.
B) the greater the deadweight loss is resulting from the imposition of a particular tax on a product.
C) the greater the fraction is of the burden of the tax borne by consumers.
D) the greater the tax revenue collected by the government is.
Correct Answer:
Verified
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