What Happens When a Tax Is Levied on the Labour

question 7

Multiple Choice

What happens when a tax is levied on the labour force and the labour supply curve is relatively elastic

• A)The supply of labour will fall a small amount.
• B)The supply of labour will fall a large amount when.
• C)The supply of labour will rise a small amount when.
• D)The supply of labour will rise a large amount when.

---

Definitions:

Histograms

Graphical representations of the distribution of numerical data, showing the frequency of data within certain ranges.

Empirical Rule

A statistical norm that asserts for a normally distributed set of data, almost all of the data points are encompassed within three standard deviations from the mean value.

Sample Variance

The measure of dispersion of sample data points around the sample mean, providing an estimation of the population variance.

Sample Standard Deviation

A measure of the dispersion or variability of a set of sample data points around its mean.