Business
Business, 23.06.2020 20:01, drowzy67

In comparing a flat tax on all income or a property tax that is charged based on the assessed value of real estate, which of the following is the most likely finding in terms of both deadweight loss and administrative costs (assuming that the price elasticity of income is higher than the price elasticity of property ownership)?A. The property tax will entail less administrative cost but more deadweight loss. B. The property tax will entail more administrative cost and more deadweight loss. C. The flat tax on income will mean more administrative cost and more deadweight loss. D. The flat tax on income will mean less administrative cost but more deadweight loss.

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In comparing a flat tax on all income or a property tax that is charged based on the assessed value...

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