Consider the market to be in equilibrium with demand curve D and supply curve S.
-Refer to the diagram above.The deadweight loss from imposing a $1 tax on sellers is
Definitions:
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period of time.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the outstanding loan.
Discounting
The procedure used to calculate the present value of future income, which is inversely related to both the interest rate and the amount of time that passes before the funds are received.
Present Value
The current worth of a future sum of money or stream of cash flows, given a specified rate of return.
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