The Deadweight Loss from a Tax of $2 Per Unit

question 3

Multiple Choice

The deadweight loss from a tax of $2 per unit will be smallest in a market with

• A)inelastic supply and elastic demand.
• B)inelastic supply and inelastic demand.
• C)elastic supply and elastic demand.
• D)elastic supply and inelastic demand.

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Definitions:

High Self-Esteem

A positive assessment of one's own self-worth and capabilities.

Difficult Tasks

Activities or assignments that require significant effort, skill, or problem-solving abilities to complete.

External Locus

A belief or perception that one's outcomes or destiny are controlled by external forces rather than one's own actions.

Self-Esteem Scale

A tool used to measure an individual's overall sense of self-worth or personal value.