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Author Question: Which of the following is true? i. If demand is perfectly elastic, the tax creates no deadweight ... (Read 66 times)

theo

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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
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Marked as best answer by theo on May 24, 2019

babybsemail

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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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theo

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

olderstudent

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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