If Uber Is Required to Start Paying the Value-Added Tax

question 84

Multiple Choice

If Uber is required to start paying the value-added tax (VAT) in Great Britain, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.This would have a tendency to

• A)decrease producer surplus and decrease deadweight loss.
• B)decrease consumer surplus and increase deadweight loss.
• C)increase consumer surplus and increase producer surplus.
• D)maximize consumer surplus and minimize producer surplus.

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Definitions:

Accommodating

Refers to the act of adjusting or making allowances for different needs or behaviors.

Aggressive Behavior

Actions that express hostility or the intention to harm someone physically or psychologically.

Group Meeting

A gathering of individuals with a common purpose or objective, often to discuss issues, make decisions, or provide updates.

Negotiate

To discuss with the aim of reaching an agreement or compromise.