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plummoose540Lv1
11 Dec 2019
A tax on a good has a deadweight loss if:
(i) the reduction in consumer surplus is greater than the reduction in producer surplus.
(ii) the reduction in producer surplus is greater than the reduction in consumer surplus.
(iii) the reduction in consumer and producer surplus is greater than the tax revenue.
(iv) the tax revenue is greater than the reduction in consumer and producer surplus.
A tax on a good has a deadweight loss if:
(i) the reduction in consumer surplus is greater than the reduction in producer surplus.
(ii) the reduction in producer surplus is greater than the reduction in consumer surplus.
(iii) the reduction in consumer and producer surplus is greater than the tax revenue.
(iv) the tax revenue is greater than the reduction in consumer and producer surplus.
Bunny GreenfelderLv2
3 Mar 2020
