Multiple Choice
The deadweight loss from a tax of $x per unit will be smallest in a market
A) in which demand is elastic and supply is inelastic.
B) in which demand is inelastic and supply is elastic.
C) in which demand is inelastic and supply is inelastic.
D) None of the above are correct;we need to know the value of x in order to determine the answer.
Correct Answer:
Verified
Correct Answer:
Verified
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