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Posted: **Sun May 08, 2022 10:18 am**

: 39 Which Of The Following Is True About A Lump Sum Tax A It Prevents Efficiency From Being Attained In Competitive Ma 1 (17.59 KiB) Viewed 41 times

39. Which of the following is true about a lump-sum tax? a. It prevents efficiency from being attained in competitive markets. b. It causes substitution effects. C. It causes income effects but not substitution effects. d. It causes both income effects and substitution effects.