The more elastic the demand for a good, the _____
a. larger the deadweight loss from a tax
b. smaller the deadweight loss from a tax
c. more the tax burden on the buyers
d. more the tax revenue of the government
a
Economics
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Based on the graph showing equilibrium output and price for a monopolist, profits stop growing when production goes beyond which point?
a. QD
b. Q1
c. Q2
d. QM
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