If a Tax Did Not Induce Buyers or Sellers to Change

question 52

True/False

If a tax did not induce buyers or sellers to change their behaviour,it would not cause a deadweight loss.

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Definitions:

Late Payments

Financial obligations not met by the due date, often resulting in extra charges or penalties.

Credit Checks

A financial assessment conducted by lenders or companies to evaluate an individual's creditworthiness.

Employers

Individuals or organizations that hire people to work for them in return for salary or wages.

Student Loan

Financial aid designed to help students pay for tertiary education expenses, such as tuition, books, and living costs, which is required to be repaid with interest.