One Way to Minimize the Deadweight Loss Resulting from a Specific

question 8

Multiple Choice

One way to minimize the deadweight loss resulting from a specific tax is to

• A)tax only wealthy firms and individuals.
• B)spread the tax over many goods and services.
• C)tax goods for which either supply or demand is inelastic.
• D)tax luxury items such as yachts and sports cars.

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Definitions:

Math Test

An examination designed to assess an individual's understanding and proficiency in mathematical concepts.

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