The deadweight loss of a tax rises even more rapidly than the size of the tax.
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Q40: When demand is relatively elastic, the deadweight
Q41: When the government imposes taxes on buyers
Q42: As the size of a tax increases,
Q43: The more elastic the supply, the larger
Q44: Economists dismiss the idea that lower tax
Q46: The result of the large tax cuts
Q47: Tax revenues increase in direct proportion to
Q48: The demand for beer is more elastic
Q49: The idea that tax cuts would increase
Q50: The Laffer curve illustrates how taxes in
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