This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true? i. If demand is perfectly elastic, the tax creates no deadweight ... (Read 21 times)

theo

  • Hero Member
  • *****
  • Posts: 698
on: May 24, 2019
Which of the following is true?
i.   If demand is perfectly elastic, the tax creates no deadweight loss.
ii.  The more elastic the supply of a factor of production, the greater is the deadweight loss from an income tax.
iii.  A tax is regressive if the average tax rate rises with income.
◦ only i
◦ only ii
◦ only iii
◦ ii and iii
◦ i and ii
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by theo on May 24, 2019

babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


theo

  • Member
  • Posts: 698
Reply 2 on: May 24, 2019
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

By reflecting most visible light, snow creates a much cooler microclimate than nearby bare ground. By reflecting most visible light, snow creates a much cooler microclimate than nearby bare ground.
Classic Supply - Demand Curve Classic Supply - Demand Curve
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet
Midsagittal section indicating locations of true and false pelves Midsagittal section indicating locations of true and false pelves
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library