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Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer?.

Solutions for Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding the competitive labour market:i. A tax on labour will increase the effective wage paid by the company.ii. A tax on labour will reduce the effective wage received by the employee.iii. If labour demand is relatively less elastic than labour supply, the tax incidence will fall more heavily on the employer.Q. Which of the following statement(s) is/are correct?a)Only Ib)I and IIc)I and IIId)All of the above ​Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.