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.Management Sciences
Category: Taxation
A tax on petrol is likely to ?
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.
Refer to Exhibit 4. If a tax is placed on the product in this market, producer surplus is the area?
A. A + B + E
B. A + B + C + D
C. A
D. D
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