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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 72 times)

magmichele12

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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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Answer to Question 1

B

Answer to Question 2

C





 

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