Question 2 of 10 Sapling Learning Map O consumer deficit. O government revenue.

Question

Question 2 of 10 Sapling Learning Map O consumer deficit. O government revenue. O consumer surplus O deadweight loss. Total inefficiency caused by a tax is also*known as Govenments that are interested in minimizing the efficiency costs of taxation should. only tax goods where or supply, or both, are relatively inelastic O O O O demand or supply, or.both, are relatively elastic demand or supply, but not both, are relatively elastic demand or supply, but not both, are relatively inelastic producer surplus is larger than consumer surplus Next Save And Exit

Explanation / Answer

1. D..))

the total inefficiency caused by the tax is known as deadweight loss

it is the sum of deadweight losses and its administrative costs.thegeneral rule for economic policy other things equal,a tax system should be designed should be designed to minimize the total inefficiency it imposes on society.

2. A..))

governments that are intrested in minimizing the efficiency cost of taxation should only tax goods where demand or supply or both are relatively inelastic.

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