Table 12-2 -Refer to Table 12-2. Suppose That the Government Imposes a Government

question 248

Multiple Choice

Table 12-2
-Refer to Table 12-2. Suppose that the government imposes a $2 tax on delights, causing the price to increase from $4.00 to $6.00. Deadweight loss arises because

• A)Lucy will pay more tax as a percentage of her value of delights than Ricky.
• B)Ricky must pay the $2.00 tax from his consumer surplus.
• C)Ricky will have to pay a higher price for delights.
• D)Lucy will leave the market.

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