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12. Efficiency Loss from impowsing Taxes on Wages is L = t 2 sWH. where = (%H )/(%W): Elasticity of Labor Supply The lower the
12. Efficiency Loss from impowsing Taxes on Wages is
L = t2sWH.
where
= (%H )/(%W): Elasticity of Labor Supply
The lower the elasticity , the ......... the efficiency loss
a.
same
b.
higher
c.
smaller
d.
double
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