T/F and draw a Supply and Demand model.

1- A tax with no DWL can't generate any revenue for the government. (10p)

2- A tax that does not generate any revenue for the government does not have any DWL. (10p)

3- The burden of tax is always equally shared between consumers and producers. (10p)

4- A tax cut always improves efficiency and benefits society. (10p)

5- If labor demand is more elastic than labor supply, the burden of a tax on labor mainly falls on employers. (10p)