The Higher the Compensated Elasticity of Supply of Savings

question 16

Multiple Choice

The higher the compensated elasticity of supply of savings,

• A)the lower the excess burden of a tax on capital income.
• B)the higher the excess burden of a tax on capital income.
• C)the higher the excess burden of a tax on labor income.
• D)both (b) and (c) are correct.

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