Which of the Following Is True About an Increase of a Per-Unit

question 11

Multiple Choice

Which of the following is true about an increase of a per-unit tax in a goods market where the good is quasilinear assuming neither supply nor demand is perfectly inelastic:

• A)The more price elastic either demand or supply, the lower will be tax revenue.
• B)The more price elastic either demand or supply, the greater will be deadweight loss.
• C)The higher the tax rate, the greater the fraction of deadweight loss over revenue.
• D)Both (a) and (b)
• E)Both (b) and c
• F)Both (a) and (c)
• G)All of the above
• H)None of the above

---

Definitions:

Expert Witness

A witness with professional training or substantial experience qualifying him or her to testify as to his or her opinion on a particular subject.

Expert's Qualifications

Criteria that establish an individual's expertise in a particular area, typically considered in legal contexts to determine the admissibility of expert testimony.

Motion to Strike

A legal request made to the court to remove certain statements or findings from the records of a court case, often due to irrelevance or inappropriateness.

Complaint

A legal document filed in court that initiates a lawsuit, outlining the plaintiff's case against the defendant.