The Deadweight Loss from a $3 Tax Will Be Largest

question 6

Multiple Choice

The deadweight loss from a $3 tax will be largest 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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a feeling of anxiety or fear that something bad or unpleasant is going to happen.