Which of the Following Is True

question 172

Multiple Choice

Which of the following is true?
i.If demand is perfectly elastic,the tax creates no deadweight loss.
ii.The more elastic the supply of a factor of production,the greater is the deadweight loss from an income tax.
iii.A tax is regressive if the average tax rate rises with income.

• A) only i
• B) only ii
• C) only iii
• D) ii and iii
• E) i and ii

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Definitions:

Atomic Symbol

A one or two-letter notation derived from the Latin name of an element, used to represent it in the periodic table and chemical equations.

Bromine

A chemical element with the symbol Br and atomic number 35, known as a reddish-brown liquid at room temperature and part of the halogen group.

Atomic Symbol

A one or two-letter abbreviation derived from the Latin name of an element, used to represent an element in the periodic table.

Boron

A chemical element with the symbol B and atomic number 5, used in fiberglass, borosilicate glass, and as a dopant in semiconductors.