Other Things Equal, for a Given Tax, If the Demand

Multiple Choice

Other things equal, for a given tax, if the demand curve is more elastic,

A) ​the greater the tax revenue raised and the greater the deadweight cost of the tax.
B) ​the greater the tax revenue raised and the smaller the deadweight cost of the tax.
C) ​the less the tax revenue raised and the greater the deadweight cost of the tax.
D) ​the less the tax revenue raised and the smaller the deadweight cost of the tax.