If a Per-Unit Tax Is Imposed on Producers in a Market

question 93

Multiple Choice

If a per-unit tax is imposed on producers in a market that is in equilibrium,the less elastic the supply curve,the

• A) smaller the deadweight loss.
• B) larger the deadweight loss.
• C) smaller the deadweight loss to consumers.
• D) larger the deadweight loss to producers.
• E) more likely the deadweight loss is to be affected.

---

Definitions:

Monitoring Performance

The continuous process of evaluating and assessing the performance of a program, project, or employee over time to ensure objectives are being met.

Nonprofit Boards

Governing bodies within nonprofit organizations that provide oversight, strategic direction, and ensure the organization’s resources are used efficiently towards achieving its mission.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often implying accountability for one's actions.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy.