The Size of the Deadweight Loss Generated from a Tax

question 15

Multiple Choice

The size of the deadweight loss generated from a tax is affected by the

• A)elasticities of both supply and demand.
• B)elasticity of demand only.
• C)elasticity of supply only.
• D)total revenue collected by the government.

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Definitions:

Double-Blind Control

A study or experiment design in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias.

Experimenter Bias

A form of bias introduced into a study's results due to the experimenter's expectations, attitudes, or behavior affecting the subjects' performance or responses.

Independent Variable

The factor in a study that the investigator alters to examine its impact on the outcome variable.

Dependent Variable

Refers to the variable in an experiment that is expected to change as a result of variations in the independent variable.