There Is No Deadweight Loss If

question 91

Multiple Choice

There is no deadweight loss if:

• A) demand is perfectly inelastic.
• B) demand is perfectly elastic.
• C) taxes collected are used for societal good.
• D) demand shifts the amount of the tax.

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Definitions:

Least Squares

A mathematical method used in regression analysis to find the line of best fit for a set of data by minimizing the sum of the squares of the differences between the observed values and those predicted by the model.

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two variables.

Coefficient Of Determination

A statistical measurement that assesses the proportion of variance in the dependent variable that is predictable from the independent variable(s), often denoted as R^2.

SSR

Sum of Squares due to Regression, a measure in statistics that quantifies the explanation of variance by the linear regression model.