Consider a Good to Which a Per-Unit Tax Applies

question 58

Multiple Choice

Consider a good to which a per-unit tax applies.The size of the deadweight that results from the tax is smaller,the

• A)larger is the price elasticity of demand.
• B)smaller is the price elasticity of supply.
• C)larger is the amount of the tax.
• D)All of the above are correct.

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Definitions:

Abraham Maslow

A renowned American psychologist famous for developing the hierarchy of needs concept, which is a theory that suggests psychological well-being is dependent on meeting basic human needs.

Self-Actualization

A psychological concept referring to the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Intrinsic Rewards

Personal satisfaction or fulfillment that comes from within an individual, often as a result of completing a task or achieving a goal.

Extrinsic Benefits

Advantages or rewards that come from external sources, such as pay, praise, or awards, rather than from the enjoyment of the activity itself.