Which of the following tools help us evaluate how taxes affect economic well-being? (i)consumer surplus
(ii)producer surplus
(iii)tax revenue
(iv)
Deadweight loss
A) (i)and (ii)only
B) (i),(ii),and (iii)only
C) (iii)and (iv)only
D) (i),(ii),(iii),and (iv)

Question

Quizplus · Accepted Answer

All four tools—consumer surplus, producer surplus, tax revenue, and deadweight loss—are used to evaluate the impact of taxes on economic well-being.

Which of the Following Tools Help Us Evaluate How Taxes