All Taxes Create Some Deadweight Loss Except Those on Goods

question 51

Multiple Choice

All taxes create some deadweight loss except those on goods

• A) with a very low demand.
• B) that can be resold for a higher price.
• C) that everyone likes to consume.
• D) with a perfectly inelastic demand or supply.
• E) with a very elastic demand or supply.

---

Definitions:

Largest Values

The highest numbers or quantities in a data set, often used in statistical analysis to determine the upper extremities.

Outlier

A data point that significantly differs from other observations in a data set, often indicating variability in a measurement or a novel discovery.

Mean

The arithmetic average of a set of values, calculated by adding all the values and dividing by the count of values.

Revenues

Revenues represent the total income generated from the sale of goods or services before any expenses are subtracted.