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Economics
MEDIUM
ENGLISH
Economics
A tax on petrol is likely to ?
A
generate a deadweight loss that is unaffected by the time period over which it is measured
Option A
cause a greater deadweight loss in the long run when compared to the short run
Correct answer
C
None of these answers
Option C
D
cause a greater deadweight loss in the short run when compared to the long run.
Option D
Correct answer: B
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