Other Things Equal, for a Given Tax, If the Demand

question 121

Multiple Choice

Other things equal, for a given tax, if the demand curve is more elastic,

• A)​the greater the tax revenue raised and the greater the deadweight cost of the tax.
• B)​the greater the tax revenue raised and the smaller the deadweight cost of the tax.
• C)​the less the tax revenue raised and the greater the deadweight cost of the tax.
• D)​the less the tax revenue raised and the smaller the deadweight cost of the tax.

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Definitions:

Mental Disorder

A condition that affects a person's thinking, feeling, behavior, or mood, significantly impacting daily life and functioning.

Insanity Defense

A legal defense used in criminal trials arguing that the defendant was not responsible for their actions due to psychiatric illness at the time of the crime.

Criminals

Individuals who have committed acts that violate laws and are therefore subject to legal punishment.

Tarasoff

Refers to a legal case and resulting duty that mandates mental health professionals to warn individuals of credible threats made against them by a patient.