The Deadweight Loss from a Tax Is Likely to Be

question 55

Multiple Choice

The deadweight loss from a tax is likely to be less with a good that has

• A) few complements.
• B) many substitutes.
• C) few substitutes.
• D) an elastic demand.
• E) an elastic supply.

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Definitions:

Secured Creditor

A lender that has the right to claim specific assets of the borrower as repayment in case of default.

Director's Control

The authority and power held by a company's board director(s) to guide and manage the organization's operations and policies.

Report as to Affairs

A document that provides a financial snapshot of a company's assets and liabilities, typically used in insolvency proceedings.

Secured Creditors

Creditors who have a legal right or interest, typically through a lien, in the debtor's assets to secure repayment of their credit.