The Deadweight Loss from a Tax Is Likely to Be

question 55

Multiple Choice

The deadweight loss from a tax is likely to be less with a good that has

• A) few complements.
• B) many substitutes.
• C) few substitutes.
• D) an elastic demand.
• E) an elastic supply.

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Definitions:

Pakistani

Pertaining to Pakistan or its people, culture, languages, or traditions.

Prejudice

A preconceived opinion that is not based on reason or actual experience.

Discrimination

The unfair treatment of individuals based on their membership in a certain group or category, such as race, gender, or age.

Stereotyping

The act of assigning a set of characteristics to all members of a group, often based on limited or inaccurate information.