The figure shows the market for books before and after a sales tax is introduced. Each week, the tax creates a deadweight loss of ________, decreases consumer surplus by ________, and decreases producer surplus by ________
A) $15; $10; $5
B) $12; $8; $4
C) $3; $10; $5
D) $3; $2; $1
C
You might also like to view...
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Refer to the scenario above. What is Wendy's opportunity cost of producing one earring?
A) 0.33 greeting cards B) 0.50 greeting cards C) 1 greeting card D) 2 greeting cards
Countries that abandoned the gold standard early in the Great Depression suffered an average decline in production of 3 percent between 1929 and 1934
Countries that stayed on the gold standard until 1933 or later suffered an average decline in production of A) 12 percent. B) 18 percent. C) 24 percent. D) > 30 percent.
Discuss the importance of rural-urban migration as a source of urban population growth in various parts of the developing world, being as specific as you can
What will be an ideal response?