The deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
The Deadweight loss refers to loss that occurs when supply and demand are not in equilibrium and thus, result in market inefficiency.
Usually, the value of the deadweight loss varies with the demand elasticity and supply elasticity.
So, when the demand or supply is inelastic, the deadweight loss of the taxation will be smaller because the quantity bought or sold varies less with price.
Therefore, the answer is B. because the deadweight loss from a tax per unit of good will be smallest in a market with inelastic supply and inelastic demand.
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The goal of <u> ISO</u> is to establish international technological standards to
facilitate the global exchange of information and barrier-free trade.
<h3 /><h3>what is the goal of ISO in IT to global exchange?</h3>
- The International Organization for Standardization (ISO) is an international nongovernmental organization made up of national standards bodies;
- It develops and publishes a wide range of proprietary, industrial, and commercial standards and is comprised of representatives from various national standards organizations.
- The organization's abbreviated name—ISO—is not an acronym; it derives from the ancient Greek word ísos, meaning equal or equivalent.
- Because the organization would have different acronyms in different languages, the founders of the organization decided to call it the short form ISO.
- The International Organization for Standardization (ISO) is an international nongovernmental organization made up of national standards bodies that develop and publishes a wide range of proprietary, industrial, and commercial standards.
- The International Organization for Standardization (ISO) was founded in 1947 and is headquartered in Geneva, Switzerland.
- In addition to producing standards, ISO also publishes technical reports, technical specifications, publicly available specifications, technical corrigenda, and guides.
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Energy Transmission, Energy Distribution, Energy Conversion, and Energy Analysis.
9 yards is 324 inches so they are equal.
