Multiple Choice
The next questions refer to the following.
Suppose the supply of labor is W - t = 10H, where W is the gross wage, t is the tax (in dollars) , and H is labor hours. The demand for labor is W = 120 - 2H.
-The dollar value of the distortion caused by a $12 tax is
A) $6
B) $12
C) $18
D) $24
E) $30
Correct Answer:
Verified
Correct Answer:
Verified
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