To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Using the above figure, how much deadweight loss results from this tax on sports equipment?
A) cbd
B) ced
C) abd
D) acd
D
You might also like to view...
Which of the following is true about the game in Scenario 13.2?
A) ABC's dominant strategy is to offer a rebate. B) ABC's dominant strategy is not offer a rebate. C) XYZ's dominant strategy is to offer a rebate. D) XYZ's dominant strategy is not offer a rebate. E) Both ABC and XYZ offer a rebate as a dominant strategy.
The classical economists argued that saving is matched by an equal amount of investment because of
A) wage flexibility. B) price flexibility. C) money flexibility. D) interest rate flexibility. E) b and c
When a price control pushes the price of a good or resource below the market equilibrium, then
What will be an ideal response?
If they could reach agreement, two firms in a two firm industry facing the advertising dilemma would agree not to advertise.
Answer the following statement true (T) or false (F)