question archive If a new tax policy raises the tax rate 2% but causes the output supplied to fill by 20%, what is the absolute value of the tax elasticity of supply? A) 0
If a new tax policy raises the tax rate 2% but causes the output supplied to fill by 20%, what is the absolute value of the tax elasticity of supply? A) 0
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If a new tax policy raises the tax rate 2% but causes the output supplied to fill by 20%, what is the absolute value of the tax elasticity of supply?
A) 0.2
B) 4.0
C) 40.0
D) 10.0
Option 1
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