The Deadweight Loss from a Tax of $X Per Unit

question 57

Multiple Choice

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

• A)in which demand is elastic and supply is inelastic.
• B)in which demand is inelastic and supply is elastic.
• C)in which demand is inelastic and supply is inelastic.
• D)None of the above are correct;we need to know the value of x in order to determine the answer.

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Definitions:

Airport Terminals

Buildings at airports where passengers transfer between ground transportation and the facilities that allow them to board and disembark from airplanes.

Internet

A global network of computers and servers interconnected by communication protocols that enable access to information and communication across vast distances.

Untrusted Network

A network not secured or unknown, where the potential risk for data breaches or cyber-attacks is higher.

Copyright

A form of intellectual property law that protects the rights of creators over their original works, including literature, music, and artwork, from unauthorized use.