Which of the Following Statements Is Correct Regarding a Tax

question 53

Multiple Choice

Which of the following statements is correct regarding a tax on a good and the resulting deadweight loss?

• A)The greater are the price elasticities of supply and demand,the greater is the deadweight loss.
• B)The greater is the price elasticity of supply and the smaller is the price elasticity of demand,the greater is the deadweight loss.
• C)The smaller are the decreases in quantity demanded and quantity supplied,the greater the deadweight loss.
• D)The smaller is the wedge between the effective price to sellers and the effective price to buyers,the greater is the deadweight loss.

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Definitions:

Erikson's Views

Erikson's views refer to the psychosocial development theory proposed by Erik Erikson, which outlines eight stages of human development, each characterized by a specific conflict that contributes to a person's psychological growth.

Self-Esteem Changes

Refers to the fluctuations in an individual's appraisal of their own worth or value over time.

Effective School

An educational institution that successfully achieves desired outcomes, such as high student performance and engagement, through effective teaching practices and administrative policies.

Sexism

Discrimination or bias against people based on their gender.