Refer to Figure 5-3. With insurance and a third-party payer ...

[Charlie]

Refer to Figure 5-3. With insurance and a third-party payer system, what is the amount of the deadweight loss?
 
  A) 0 B) 2,500 C) 5,000 D) 24,000

Question 2

Refer to Figure 7-2. The loss in domestic consumer surplus as a result of the tariff is equal to
 
  A) 5 million. B) 19.875 million. C) 24.875 million. D) 31.125 million.

[bblaney]

Answer to Question 1

C

Answer to Question 2

D

[Charlie]

Wow, this really help

[cassie_ragen]

Thanks for the timely response, appreciate it