Figure 8-20
On the vertical axis of each graph,DWL is deadweight loss. 
-Refer to Figure 8-20.Which graph correctly illustrates the relationship between the size of a tax and the size of the deadweight loss associated with the tax?
Definitions:
Supply Curve
A graphical representation of the relationship between the price of a good and the amount of it suppliers are willing to offer for sale, holding other factors constant.
Tax System
The organized way in which a government levies taxes on its citizens and companies to generate revenue.
Marginal Incentives
Additional rewards or penalties that influence the benefits or costs of engaging in one more unit of an action.
Inequity
The lack of fairness or justice in situations, treatments, or conditions, often used in the context of social or economic disparities.
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