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Jyoti Gupta posted an Question
September 18, 2020 • 06:34 am
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10 points
10 points
- UGC NET
- Economics
Question number: 26 question ld: 1282061325 question type: mcq option shuffling: no display question number : yes single line question option: no option orienta
Question Number: 26 Question ld: 1282061325 Question Type: MCQ Option Shuffling: No Display Question Number : Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks : 2 Wrong Marks : 0 For good X, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. A tax of $15 per unit is imposed on good X. The tax reduces the equilibrium quantity in the market by 300 units. The deadweight loss from the tax is: a. S1,750. b. $2,250. C. $3,000. d. $4,500. Options: 1282065233. A 1282065234. B 1282065235. C 1282065236. D
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Ravindra nath mahto![best-answer]()
We know that deadweight loss = 1/2 × Change in the quantity × Change in the Price = 1/2 × 300 × 15 = 4500/2 = 2250 Ans.