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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 115 times)

magmichele12

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


magmichele12

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Reply #2 on: Jun 29, 2018
Correct answers!


amandanbreshears

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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