The deadweight loss from a tax of x per unit will be, Ask an Expert

Economics

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 is correct; we need to know the value of x in order to determine the answer.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91271740

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