In the long run, both supply and demand tend to become more elastic. This suggests that, in the long run, the Select one: a. deadweight loss from a tax will be more than it is in the short run. b. tax revenue will be higher than it is in the short run. c. government will likely reduce tax rates. d. good will have zero demand.

Income and profit taxes, Social Security "contributions," taxes on goods and services, commonly referred to as "consumption taxes," payroll taxes, levies on the ownership and transfer of property, and other taxes are all included in the definition of "tax revenue."
In the US, taxes on income and profits, sales and use taxes on products and services, and property ownership and transfer taxes are the main sources of funding for the federal, state, and municipal governments.
Federal payroll taxes, which include federal Social Security contributions, are another source of tax revenue. Most developed nations apply one or more tax regimes resembling those in use in the US.

In general, producers of products and services find it easier to increase production over the long term of many years as opposed to the short term of a few months on the supply side of markets.

In the long run, both supply and demand tend to become more elastic. This suggests that, in the long run, This suggests that Tax Revenue will be higher than it is in the short run.

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