(Answered) Adrianne and joanna love watching plays on broadway

Management Studies

Adrianne and Joanna love watching plays on Broadway. Adrianne values a play at $85, and Joanna values it as $82. When the price of tickets increased from $80 to $83 following the imposition of a tax, Joanna stopped watching plays on Broadway, while Adrianne continued to buy tickets. Identify the correct statement.

The decrease in Adrianne's consumer surplus is equal to the deadweight loss.
Total consumer surplus decreased by less than the tax revenue.
The decrease in Adrianne's surplus is equal to the tax revenue.
The deadweight loss is $3.

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