Multiple Choice
If the demand curve and the supply curve for a good are straight lines,then the deadweight loss that results from a tariff is represented on the supply-and-demand graph by
A) the area of one triangle.
B) the area of one rectangle.
C) the combined areas of two different triangles.
D) the combined areas of two different rectangles.
Correct Answer:
Verified
Correct Answer:
Verified
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