2. DWL Properties a) Suppose Bryce has income of $50,000. At the current tax rate of 10%, the DWL is 1000. Now the tax rate increases to 20%. We do not know his elasticity of taxable income. Can we calculate the new DWL? If so, what is it (show your work / explain)? If not, explain why not. b) Consider the following statement. The "Ramsey" rule for optimal commodity taxation discussed in class will always: (i) minimize DWL and (ii) maximize social welfare. Explain which part(s) (if any) of this statement are true