question archive The tax elasticity of supply measures the : - Response of workers to a change in the tax rate
The tax elasticity of supply measures the : - Response of workers to a change in the tax rate
Subject:EconomicsPrice:2.88 Bought3
The tax elasticity of supply measures the :
- Response of workers to a change in the tax rate.
- Response of workers to a change in prices.
- Change in the amount of taxes workers must pay when tax rates change.
- Response of employers to a change in the tax rate.
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The answer is: Response of workers to a change in the tax rate. It compares the percent change in quantity supplied to the percent change in the tax rate. When supply is more elastic, workers bear the burden of a tax and vice versa.
