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Which of the following is true?
i.If supply is perfectly inelastic,the tax creates no deadweight loss.
ii.The elasticities of supply and demand,not Congress,determine who pays the income tax.
iii.A tax is progressive if the average tax rate falls with income.
Cheat
The act of behaving dishonestly or unfairly in order to gain an advantage, especially in a game, exam, or competition.
Lie
A false statement made with deliberate intent to deceive; an intentional untruth.
Acrophobia
An intense fear of heights, often leading to anxiety or panic when one is not grounded or in a high place.
Hemophobia
An intense fear of blood, which can lead to anxiety or panic attacks at the sight or thought of blood.
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