When a Tax Is Imposed, the Surplus That Is Lost

question 104

Multiple Choice

When a tax is imposed, the surplus that is lost to buyers and sellers but converted into tax revenue is:

• A)considered a cost of taxation.
• B)part of deadweight loss.
• C)the sole source of deadweight loss.
• D)not part of deadweight loss.

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Definitions:

References

Variables that hold the memory address of another variable rather than holding the data directly, typically used in languages like C++.

Doubly Linked List

A data structure consisting of nodes where each node has references both to the next node and the previous node in the sequence.

Nodes

Elements or data points in a data structure, such as a linked list or tree, that contain data and references to other nodes.

Head Node

The first node in a linked list or tree data structure.