[Answered] In the above figure, if output is 10 units, then the total deadweight loss is A) 5. B) 10. C) ...

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Author Question: In the above figure, if output is 10 units, then the total deadweight loss is A) 5. B) 10. C) ... (Read 131 times)

magmichele12

Hero Member
Posts: 559

on: Jun 29, 2018

In the above figure, if output is 10 units, then the total deadweight loss is

A) 5.
B) 10.
C) 20.
D) 60.

Question 2

A sales tax is divided so that buyers pay the full amount if

A) demand has unitary elasticity.
B) supply has unitary elasticity.
C) demand is perfectly inelastic.
D) supply is perfectly inelastic.

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amandanbreshears

Sr. Member
Posts: 320

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

C

magmichele12

Hero Member
Posts: 559

Reply #2 on: Jun 29, 2018

Correct answers!

amandanbreshears

Sr. Member
Posts: 320

Reply #3 on: Jun 29, 2018

Great! Please up vote

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Author Question: In the above figure, if output is 10 units, then the total deadweight loss is A) 5. B) 10. C) ... (Read 131 times)

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