Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?

Related Mcqs:

1. Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?

   A. B + C + E + F
   B. B
   C. B + C
   D. A

2. Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?

   A. C + F
   B. A
   C. B
   D. C

3. Refer to Exhibit 4. If there is no tax placed on the product in this market total surplus is the area ?

   A. B + C + E + F
   B. E + F
   C. A + B + C + D
   D. A + B + C + D + E + F

4. Refer to Exhibit 4. If a tax is placed on the product in this market consumer surplus is the area ?

   A. D
   B. A
   C. A + B + E
   D. A + B +C + D

5. Refer to Exhibit 4. If there is no tax placed on the product in this market, producer surplus is the area ?

   A. A + B + E
   B. D
   C. C + F
   D. C + D + F

6. Refer to Exhibit 4. If a tax is placed on the product in this market, producer surplus is the area?

   A. A + B + E
   B. A + B + C + D
   C. A
   D. D

7. Refer to Exhibit 4. If a tax is placed on the product in this market total surplus is the area ?

   A. A + B + C + D+ E +F
   B. A + B + C + D
   C. A + D
   D. B + C + E + F

8. Refer to Exhibit 4. If there is no tax placed on the produced in this market consumer surplus is the area ?

   A. C + D + F
   B. A
   C. A + B + E
   D. D + C + B

9. If a tax on a good is doubled the deadweight loss from the tax ?

   A. doubles
   B. stays the same
   C. increase by a factor of four.
   D. could rise or fall

10. Refer to Exhibit 4. Which of the following is true with regard to the burden of the tax in Exhibit 4 ?

    A. The buyers pay a larger portion of the tax because demand is more inelastic than supply
    B. The sellers pay a larger portion of the tax because supply is more elastic than demand
    C. The buyers pay a larger portion of the tax because demand is more elastic then supply
    D. The sellers pay a larger portion of the tax because supply is more inelastic than demand