Select the correct statement regarding tax wedges. A. Tax wedges are larger when supply is more inelastic than demand. B. Tax wedges are smaller when commodity taxes are imposed on buyers. C. Tax wedges are larger when demand is more inelastic than supply. D. Tax wedges are larger when commodity taxes are imposed on buyers. E. The size of the tax wedge is unrelated to elasticity.

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.