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    Principles of Economics Study Set 12
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    Exam 7: The Efficiency of Markets
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    Exhibit 7-9 -Exhibit 7-9 Shows the Effect of a Tax on a Tax
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Exhibit 7-9 -Exhibit 7-9 Shows the Effect of a Tax on a Tax

Question 156

Question 156

Multiple Choice

Exhibit 7-9 Exhibit 7-9   -Exhibit 7-9 shows the effect of a tax on a market. The deadweight loss equals A) the combined area of C and D. B) the combined area of A and B. C) the combined area of E and F. D) area C minus area D. E) the combined area of A, B, C, D, E, and F.
-Exhibit 7-9 shows the effect of a tax on a market. The deadweight loss equals


A) the combined area of C and D.
B) the combined area of A and B.
C) the combined area of E and F.
D) area C minus area D.
E) the combined area of A, B, C, D, E, and F.

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