Multiple Choice
The number of seats in a football stadium is fixed at 70,000.The city decides to impose a tax of $10 per ticket.In response,the team management raises the ticket price from $30 to $40 and still sells all 70,000 tickets.The tax caused a change in the consumer surplus of _____,a change in the producer surplus of _____,and a deadweight loss of _____.
A) -$10;$0;$10
B) -$700,000;$0;$700,000
C) -$10;$0;$0
D) -$700,000;$0;$0
Correct Answer:
Verified
Correct Answer:
Verified
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