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.
Correct Answer:

Verified
Correct Answer:
Verified
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Q8: Figure 8-22 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 8-22
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