If the Tax Elasticity of Supply Is 0

question 126

Multiple Choice

If the tax elasticity of supply is 0.6 and tax rates increase by 10 percent,the quantity of labor supplied will

• A)Increase by 1.67 percent.
• B)Decrease by 1.67 percent.
• C)Increase by 6 percent.
• D)Decrease by 6 percent.

---

Definitions:

Basic Activities

Basic activities refer to fundamental tasks and actions that an individual can perform, often relating to daily living and self-care.

Norwegian Children

Children born or living in Norway, characterized by their experiences and upbringing within Norwegian culture and society.

Working Memory

The part of the information-processing system where active thinking takes place, and information from the sensory register may be combined with memory of past experiences.

Long-term Memory

The phase of memory capable of storing an unlimited amount of information indefinitely, ranging from a few minutes ago to as far back as one can remember.