Deadweight loss and corrective tax.

Question

Which of the following statements about corrective taxes is generally NOT true? a. They raise government revenue. b. They reduce the quantity sold in a market. c. They increase what consumers pay for the good. d. They cause deadweight losses.

Answer 1

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Chapter 10, Problem 4CQQ

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Deadweight loss and corrective tax.

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Which of the following statements about corrective taxes is generally NOT true? a. They raise government revenue. b. They reduce the quantity sold in a market. c. They increase what consumers pay for the good. d. They cause deadweight losses.

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