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Which of the following statements are true? (i) If the government wishes to raise revenue via a unit tax, it makes no difference whether government
Which of the following statements are true? (i) If the government wishes to raise revenue via a unit tax, it makes no difference whether government levies the tax on the consumer or on the producer since the market effects are the same. (ii) If government levies a tax on a market with an elasticity of demand coefficient of -2.5, the producer will bear the greater part of the tax burden. (iii) The deadweight-loss created by a unit tax is larger if the tax is levied on a good with a more elastic market demand
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