If the labor supply curve is very elastic a tax on labora, Ask an Expert

Economics

If the labor supply curve is very elastic, a tax on labor:

a. has a large deadweight loss.

b. raises enough tax revenue to offset the loss in welfare.

c. has a relatively small impact on the number of hours that workers choose to work.

d. results in a large tax burden on the firms that hire labor.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91423634

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