-Which of the Following Is NOT True About the $3

question 311

Multiple Choice

-Which of the following is NOT true about the $3 per pizza tax illustrated in the above figure?

• A) It decreases consumer surplus by $90 thousand.
• B) It decreases producer surplus by $45 thousand.
• C) It creates a deadweight loss of $135 thousand.
• D) None of the above because they are all true.

---

Definitions:

Export-Import Bank

A government agency or financial institution that provides financial assistance to facilitate the export and import of goods.

Private Spaceports

Facilities owned by non-governmental entities used for launching spacecrafts privately.

Absolute Liability

Absolute liability refers to a legal responsibility for damages or injury, even in the absence of fault or negligence.

Personal Injury

Harm to a person's body, emotions, or reputation, as opposed to damage to property, often the basis of legal claims.