Suppose a Tax of $1 Per Unit Is Imposed on a Good.The

question 52

Multiple Choice

Suppose a tax of $1 per unit is imposed on a good.The more elastic the supply of the good,other things equal,

• A)the smaller is the response of quantity supplied to the tax.
• B)the larger is the tax burden on sellers relative to the tax burden on buyers.
• C)the larger is the deadweight loss of the tax.
• D)All of the above are correct.

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Definitions:

Reassembling Work Routines

The act of rearranging or redesigning the way tasks and processes are structured within work environments to improve efficiency or adapt to new circumstances.

Optimal Size

Refers to the best or most efficient size for a company, team, or other organizational units to operate effectively and achieve its goals.

Team Size

pertains to the number of members in a team, which can influence the team's dynamics, communication, and effectiveness.

Hindsight Bias

The tendency to believe, after an outcome is already known, that one would have correctly predicted it beforehand, often described as the "I knew it all along" phenomenon.