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Author Question: In the above figure, if output is 30 units, then the total deadweight loss is A) 5. B) 10. C) ... (Read 97 times)

clmills979

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on: Jun 29, 2018
In the above figure, if output is 30 units, then the total deadweight loss is
 
  A) 5.
  B) 10.
  C) 20.
  D) 60.

Question 2

A sales tax is divided so that the
 
  A) buyers pay the full amount if demand is perfectly elastic.
  B) buyers pay the full amount if supply is perfectly inelastic.
  C) sellers pay the full amount if supply is perfectly elastic.
  D) sellers pay the full amount if demand is perfectly elastic.


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vseab

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

B

Answer to Question 2

D


clmills979

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

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