If a Per Unit Tax Is Imposed but the Quantity

question 24

Multiple Choice

If a per unit tax is imposed but the quantity supplied and demanded does not change, then:

• A)the demand is perfectly inelastic.
• B)the supply is perfectly inelastic.
• C)there is no deadweight loss.
• D)all of the these are correct.

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Definitions:

Equivocation

The deceptive application of a word that has multiple meanings or senses.

Pillar

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Straw Man Argument

A straw man argument is a fallacy in which an opponent's position is misrepresented to be easily attacked or refuted, rather than engaging with the actual argument presented.

Class Discussion

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