MCQOPTIONS
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| 1. |
A tax on petrol is likely to ? |
| A. | generate a deadweight loss that is unaffected by the time period over which it is measured |
| B. | cause a greater deadweight loss in the long run when compared to the short run |
| C. | None of these answers |
| D. | cause a greater deadweight loss in the short run when compared to the long run. |
| Answer» C. None of these answers | |