What Does Deadweight Loss Represent

question 22

Multiple Choice

What does deadweight loss represent

• A)the reduction in total surplus that results from a tax
• B)the loss of profit to businesses when a tax is imposed
• C)the reduction in producer surplus when a tax is placed on buyers
• D)the decline in government revenue when taxes are reduced in a market

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Definitions:

Audience Preparation

The process of researching and understanding the characteristics of the audience to tailor a presentation or message for maximum impact.

Cross-cultural

Relating to, involving, or representing different cultures or society's influences.

Apologizing

Expressing regret or remorse for an action, admitting wrongdoing, and seeking forgiveness.

Corporate Culture

The shared values, beliefs, attitudes, and standards that characterize members of an organization and define its nature.