A tax on petrol is likely to ?

Taxation 16/05/2020

A. generate a deadweight loss that is unaffected by the time period over which it is measured
B. cause a greater deadweight loss in the long run when compared to the short run
C. None of these answers
D. cause a greater deadweight loss in the short run when compared to the long run.

Related Mcqs:

    Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?
    A. B + C + E + F B. B C. B + C D. A...
    Refer to Exhibit 4. If there is no tax placed on the product in this market total surplus is the area ?
    A. B + C + E + F B. E + F C. A + B + C + D D. A + B + C + D + E + F...
    Deadweight loss is greatest when ?
    A. supply is elastic, and demand is perfectly inelastic B. demand is elastic, and demand is perfectly inelastic C. both supply and demand are relatively inelastic D. both supply and demand are relatively elastic...
    Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?
    A. C + F B. A C. B D. C...
    Refer to Exhibit 4. If a tax is placed on the product in this market total surplus is the area ?
    A. A + B + C + D+ E +F B. A + B + C + D C. A + D D. B + C + E + F...

Leave a Reply

Your email address will not be published. Required fields are marked *