When the government imposes taxes on buyers or sellers of a good, society
|a.||is better off because the government’s tax revenues exceed the deadweight loss.|
|b.||gains efficiency but loses equality.|
|c.||moves from an elastic supply curve to an inelastic supply curve.|
|d.||loses some of the benefits of market efficiency.|
answer is d,loses some of the benefits of market efficiency because there is deadweight loss because the quantitytraded goes down.