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Author Question: Which of the following is true? i. If supply is perfectly inelastic, the tax creates no deadweight ... (Read 76 times)

lilldybug07

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on: May 24, 2019
Which of the following is true?
i.  If supply is perfectly inelastic, the tax creates no deadweight loss.
ii.  The elasticities of supply and demand, not Congress, determine who pays the income tax.
iii.  A tax is progressive if the average tax rate falls with income.
◦ only i
◦ only ii
◦ only iii
◦ ii and iii
◦ i and ii
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by lilldybug07 on May 24, 2019

shaikhs

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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.
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lilldybug07

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Reply #2 on: May 24, 2019
Thanks


shaikhs

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Reply #3 on: May 24, 2019
Welcome :)


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