Taxing a Good with Very Elastic Demand Generates More Deadweight

question 57

Multiple Choice

Taxing a good with very elastic demand generates more deadweight loss than taxing a good with very inelastic demand because

• A) the amount of the tax is larger.
• B) the change in consumer behavior is greater.
• C) consumers have to pay these taxes out of pocket.
• D) the change in consumer behavior is smaller.
• E) the government does not bother collecting the revenue.

Understand the ethical considerations in placebo control groups.

Identify methods for reducing demand characteristics in psychological studies.

Describe the purpose and timing of wait list control groups in research.

Understand the concept and significance of therapy outcome studies.

---

Definitions:

Join Types

In database management, refers to the different methods by which tables can be joined or related based on common columns, including inner join, outer join, left join, right join, and full join.

Delimited Text

Text data separated by a specific character, like a comma or tab, used for organizing into a structured form.

PDF File

A Portable Document Format file, a versatile file format developed by Adobe that preserves the formatting of a document for sharing and printing.

Inner Join

In database management, a type of join that returns only the records that have matching values in both tables being joined.