Assume That for Good X the Supply Curve for a Good

question 5

Multiple Choice

Assume that for good X the supply curve for a good is a typical,upward-sloping straight line,and the demand curve is a typical downward-sloping straight line.If the good is taxed,and the tax is tripled,the

• A)base of the triangle that represents the deadweight loss triples.
• B)height of the triangle that represents the deadweight loss triples.
• C)deadweight loss of the tax increases by a factor of nine.
• D)All of the above are correct.

---

Definitions:

Landslides

The movement of rock, earth, or debris down a slope due to gravity, often precipitated by factors like water saturation, erosion, or earthquakes.

Magma Movement

The flow or migration of magma through the Earth's crust, which can lead to volcanic eruptions when it reaches the surface.

Mid-ocean Ridge

A worldwide submarine mountain chain, developed through the action of plate tectonics.

Southeastern Asia

A geographic region consisting of countries situated to the southeast of Asia, including Indonesia, Thailand, and Vietnam.